John R. Egan, a member of the board of directors at NETSCOUT SYSTEMS INC (NASDAQ:NTCT), has sold a total of $951,055 worth of the company's common stock in two separate transactions during November 2026, according to recent disclosures.
The first sale occurred on November 11, 2026, when Egan disposed of 14,500 shares. These shares were sold at a weighted average price of $32.78 per share, with individual transaction prices ranging from $32.69 to $33.32. Following this transaction, Egan directly held 98,240 shares of NetScout Systems common stock.
The next day, November 12, 2026, Egan sold an additional 14,500 shares. The weighted average price for this second batch was $32.81 per share, with prices for individual transactions ranging from $32.57 to $33.10. After these sales, his direct beneficial ownership in the company decreased to 83,740 shares.
The insider sales come as NetScout's stock trades at $32.13, down 17% over the past six months. Despite this recent weakness, analysis suggests the stock remains undervalued based on InvestingPro Fair Value estimates. The company maintains a market capitalization of $2.31 billion and trades at a price-to-earnings ratio of 18.32.
In other recent news, NetScout Systems reported its fiscal second-quarter 2027 results, surpassing Wall Street expectations for both earnings and revenue. The company achieved adjusted earnings of $0.71 per share on revenue of $222.2 million, slightly exceeding analysts' projections of $0.69 per share and $221.63 million in sales.
Despite the positive earnings report, NetScout's stock experienced a significant decline in premarket trading, as investors appeared to focus on the modest sales growth and the company's reaffirmed full-year outlook. Analysts had anticipated a more substantial increase in sales, which may have contributed to the market's reaction. The company's financial performance reflects a slight outperformance in earnings and revenue, but the narrow margins may have tempered investor enthusiasm.
The disclosed transactions represent a reduction in Egan's direct stake, though the filings do not provide a rationale for the sales. Investors often monitor insider activity for signals about management's view of valuation, but such sales can also reflect personal financial planning or portfolio diversification.