NetSuite Chairman Evan Goldberg Unloads 20,000 Shares (N)
NetSuite (NYSE:N) Chairman Evan Goldberg unloaded 20,000 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $80.10, for a total transaction of $1,602,000.00. Following the transaction, the chairman now directly owns 63,523 shares in the company, valued at approximately $5,088,192. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
NetSuite (NYSE:N) traded down 2.46% during mid-day trading on Thursday, hitting $78.80. 364,822 shares of the company’s stock traded hands. 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 $82.57 and its 200-day moving average is $92.70. The company’s market cap is $5.973 billion.
NetSuite (NYSE:N) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 34.3% on a year-over-year basis. On average, analysts predict that NetSuite will post $0.27 earnings per share for the current fiscal year.
N has been the subject of a number of recent research reports. 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 assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $105.53.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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