Netgear VP McLindin sells $41k in shares

Published 06/11/2025, 01:38
Netgear VP McLindin sells $41k in shares

Netgear (NASDAQ:NTGR) VP, Mobile, Graeme McLindin, sold 1,205 shares of common stock on November 3, 2025, at a price of $34.26, for a total transaction value of $41,283. The sale occurred near the 52-week high of $36.86, with shares currently trading at $29.3, suggesting the timing was favorable. According to InvestingPro analysis, Netgear appears overvalued at current levels.

Following the transaction, McLindin directly owns 30,808 shares of Netgear, worth approximately $902,674 at current market prices. The company has a market capitalization of $824 million and has delivered a 24.7% price return over the past year.

The sale was executed under a Rule 10b5-1 plan adopted on March 14, 2025, to cover expected tax liability associated with the vesting of issuer equity awards. Netgear currently has a "FAIR" overall financial health score of 1.88 according to InvestingPro, which offers comprehensive Pro Research Reports for over 1,400 US equities, including NTGR, with clear, actionable intelligence for smarter investing decisions.

In other recent news, NETGEAR Inc. reported its third-quarter 2025 earnings, showcasing a strong financial performance. The company achieved a non-GAAP earnings per share (EPS) of $0.12, which was notably higher than the forecasted EPS of -$0.09. Additionally, NETGEAR’s revenue surpassed expectations, reaching $184.6 million against the anticipated $172.66 million. These results reflect a positive earnings surprise for the company. Despite this, the stock experienced a slight decline during regular trading hours. Investors may find these developments noteworthy as they assess NETGEAR’s financial health and future prospects.

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