NetSuite Insider Sells $514,171 in Stock (N)
NetSuite (NYSE:N) Insider Marc Huffman sold 5,720 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $89.89, for a total transaction of $514,170.80. Following the transaction, the insider now directly owns 71,912 shares in the company, valued at approximately $6,464,170. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on N shares. 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 analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $105.53.
NetSuite (NYSE:N) traded down 0.30% on Thursday, hitting $88.63. The stock had a trading volume of 199,084 shares. NetSuite has a 52-week low of $69.48 and a 52-week high of $120.77. The stock’s 50-day moving average is $81.58 and its 200-day moving average is $93.69. The company’s market cap is $6.718 billion.
NetSuite (NYSE:N) last issued its quarterly earnings data 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. On average, analysts predict that NetSuite will post $0.27 earnings per share for the current fiscal year.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.