Netgear, Inc (NTGR) Files Form 4 Insider Selling : Patrick Cs Lo Sells 8,300 Shares

Netgear, Inc (NTGR): Patrick Cs Lo , Chairman and CEO of Netgear, Inc sold 8,300 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $44.44 per share for a total value of $368,852.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Tamesa Rogers (SVP, Human Resources) sold 650 shares at $44.77 per share price.On May 24, 2016, Andrew Wonki Kim (SVP, Legal and Corp. Dev.) sold 1,092 shares at $43.00 per share price.Also, On May 18, 2016, Barbara Vaughn Scherer (director) sold 1,000 shares at $43.00 per share price.On May 3, 2016, Patrick Cs Lo (Chairman and CEO) sold 13,900 shares at $41.70 per share price.

Shares of NetGear (NTGR) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.29% at $44.87 with 2,91,392 shares getting traded. Post opening the session at $45.04, the shares hit an intraday low of $44.13 and an intraday high of $45.62 and the price vacillated in this range throughout the day. The company has a market cap of $1,461 M and the number of outstanding shares has been calculated to be 3,25,65,171 shares. The 52-week high of NetGear is $45.76 and the 52-week low is $28.12.

NetGear Money Flow Index Chart

Company has been under the radar of several Street Analysts.NetGear is Reiterated by Rosenblatt to Buy and the brokerage firm has raised the Price Target to $ 47.50 from a previous price target of $42.50 .The Rating was issued on Apr 28, 2016.NetGear is Initiated by Sterne Agee CRT to Neutral. The Rating was issued on Apr 5, 2016.

NETGEAR Inc. is a global networking company. The Company’s product line consists of devices such as network attached storage Internet protocol security cameras and home automation devices and services. The Company’s business is managed in three business segments: retail commercial and service provider. The retail business unit consists of home networking home video security storage and digital media products. The commercial business unit consists of business networking storage and security solutions. The service provider business unit consists of home networking hardware and software solutions as well as fourth-generation long term evolution hotspots sold to service providers. The Company has operations in Americas Europe Middle-East and Africa and Asia Pacific. It sells products through multiple sales channels including traditional retailers online retailers wholesale distributors direct market resellers value-added resellers and broadband service providers.

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