Netgear director Goli sells $61k in shares

Published 02/10/2025, 00:42
Netgear director Goli sells $61k in shares

Director Goli Shravan of NETGEAR, Inc. (NASDAQ:NTGR) sold 2,047 shares of common stock on September 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $29.95, for a total transaction value of $61,307. The sale comes as NETGEAR’s stock trades near its 52-week high of $33.93, having delivered an impressive 70% return over the past year. According to InvestingPro analysis, the company currently appears overvalued relative to its Fair Value.

Following the transaction, Goli directly owns 29,238 shares of NETGEAR . With a market capitalization of nearly $980 million and strong financial health indicators, including a current ratio of 2.87 and minimal debt, NETGEAR maintains a solid balance sheet. For deeper insights into NETGEAR’s financial health and future prospects, InvestingPro subscribers have access to 13 additional exclusive ProTips and comprehensive analysis.

The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 23, 2025, to cover expected tax liabilities. The filing was signed by Kirsten Daru, Attorney-in-Fact, on October 1, 2025.

In other recent news, NETGEAR Inc. reported its earnings for the second quarter of 2025, surpassing revenue expectations with $170.5 million against an anticipated $162.06 million. The company also posted an earnings per share (EPS) of $0.06, which was a significant surprise compared to the expected loss of -$0.15. These results marked a 5.21% revenue surprise and a 140% EPS surprise. Additionally, NETGEAR launched a new security solution called Exium, aimed at addressing cybersecurity challenges for small and medium-sized enterprises. This all-in-one platform integrates Secure Access Service Edge technology with hybrid firewall capabilities. On the analyst front, Seaport Global Securities initiated coverage on NETGEAR with a Buy rating and a price target of $40.00. Stifel also reiterated its Buy rating and maintained a $35.00 price target after meetings with the company’s leadership. Both firms expressed positive outlooks, highlighting confidence in NETGEAR’s market position and future prospects.

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