NetSuite Chairman Evan Goldberg Sells 31,464 Shares (N)
NetSuite (NYSE:N) Chairman Evan Goldberg unloaded 31,464 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $113.94, for a total transaction of $3,585,008.16. Following the completion of the sale, the chairman now directly owns 64,078 shares in the company, valued at approximately $7,301,047. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at JMP Securities raised their price target on shares of NetSuite from $116.00 to $121.00 in a research note on Friday, January 31st. Separately, analysts at Deutsche Bank raised their price target on shares of NetSuite from $125.00 to $130.00 in a research note on Friday, January 31st. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of NetSuite from $125.00 to $135.00 in a research note on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $113.53.
NetSuite (NYSE:N) traded up 0.81% on Wednesday, hitting $114.62. The stock had a trading volume of 462,776 shares. NetSuite has a 52 week low of $67.21 and a 52 week high of $117.00. The stock’s 50-day moving average is $106.8 and its 200-day moving average is $102.0. The company’s market cap is $8.579 billion.
NetSuite (NYSE:N) last released its earnings data on Friday, January 31st. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $111.40 million for the quarter, compared to the consensus estimate of $111.36 million. Analysts expect that NetSuite will post $0.26 EPS for the current fiscal year.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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