NetSuite CFO Sells $652,587 in Stock (N)
NetSuite (NYSE:N) CFO Ronald Gill unloaded 6,520 shares of NetSuite stock on the open market in a transaction dated Monday, December 30th. The stock was sold at an average price of $100.09, for a total value of $652,586.80. Following the transaction, the chief financial officer now directly owns 37,820 shares in the company, valued at approximately $3,785,404. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of NetSuite (NYSE:N) traded down 1.07% during mid-day trading on Thursday, hitting $101.92. 328,810 shares of the company’s stock traded hands. NetSuite has a 52 week low of $65.22 and a 52 week high of $114.00. The stock has a 50-day moving average of $96.64 and a 200-day moving average of $98.65. The company’s market cap is $7.612 billion.
NetSuite (NYSE:N) last announced its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $106.90 million for the quarter, compared to the consensus estimate of $105.70 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 34.0% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at FBN Securities raised their price target on shares of NetSuite from $105.00 to $115.00 in a research note to investors on Monday, October 28th. They now have an “outperform” rating on the stock. Separately, analysts at Lazard Capital Markets raised their price target on shares of NetSuite from $110.00 to $121.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of NetSuite from $105.00 to $125.00 in a research note to investors on Friday, October 25th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $101.00.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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