NetSuite Chairman Evan Goldberg Unloads 20,000 Shares (N)
NetSuite (NYSE:N) Chairman Evan Goldberg unloaded 20,000 shares of NetSuite stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $84.18, for a total value of $1,683,600.00. Following the completion of the sale, the chairman now directly owns 63,523 shares in the company, valued at approximately $5,347,366. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Mizuho initiated coverage on shares of NetSuite in a research note on Monday, June 2nd. They set a “neutral” rating and a $80.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Barclays reiterated an “overweight” rating on shares of NetSuite in a research note on Friday, May 23rd. They now have a $94.00 price target on the stock, down previously from $116.00. Finally, analysts at Goldman Sachs cut their price target on shares of NetSuite from $115.00 to $92.00 in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $105.53.
NetSuite (NYSE:N) traded down 0.27% during mid-day trading on Wednesday, hitting $85.08. The stock had a trading volume of 562,516 shares. NetSuite has a one year low of $69.48 and a one year high of $120.77. The stock has a 50-day moving average of $78.20 and a 200-day moving average of $94.46. The company’s market cap is $6.449 billion.
NetSuite (NYSE:N) last announced its earnings results on Monday, April 28th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.04. The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $120.92 million. During the same quarter last year, the company posted $0.04 earnings per share. NetSuite’s revenue was up 34.3% compared to the same quarter last year. Analysts expect that NetSuite will post $0.27 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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