Netgear, Inc (NTGR) Files Form 4 Insider Selling : Michael A Werdann Sells 7,875 Shares

Netgear, Inc (NTGR): Michael A Werdann , SVP of Worldwide Sales of Netgear, Inc sold 7,875 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $56.43 per share for a total value of $444,386.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 6, 2016, Patrick J Iii Collins (SVP, Arlo Smart Home Devices) sold 750 shares at $57.38 per share price.On Sep 6, 2016, Michael F Falcon (SVP, Operations) sold 1,042 shares at $57.48 per share price.Also, On Sep 2, 2016, Patrick Cs Lo (Chairman and CEO) sold 14,200 shares at $56.75 per share price.On Aug 31, 2016, Tamesa Rogers (SVP, Human Resources) sold 650 shares at $57.16 per share price.

NetGear: On Monday, Sep 12, 2016 heightened volatility was witnessed in NetGear which led to swings in the share price. The shares opened for trading at $56.98 and hit $57.26 on the upside , eventually ending the session at $57.25, with a gain of 0.33% or 0.19 points. The heightened volatility saw the trading volume jump to 426,155 shares. The 52-week high of the share price is $58.04 and the company has a market cap of $1,876 M . The 52-week low of the share price is at $28.5201.

NetGear Money Flow Index Chart

Company has been under the radar of several Street Analysts.NetGear is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 66 from a previous price target of $58 .The Rating was issued on Sep 8, 2016.NetGear is Reiterated by BWS Financial to Buy and the brokerage firm has raised the Price Target to $ 64 from a previous price target of $50 .The Rating was issued on Jul 28, 2016.NetGear is Downgraded by Rosenblatt to Neutral and the brokerage firm has set the Price Target at $47.50. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 12, 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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