Insider Selling: NetSuite Insider Unloads 400 Shares of Stock (N)
NetSuite (NYSE:N) Insider Marc Huffman sold 400 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $85.00, for a total value of $34,000.00. Following the completion of the transaction, the insider now directly owns 71,912 shares of the company’s stock, valued at approximately $6,112,520. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on N. Analysts at Deutsche Bank reiterated a “buy” rating on shares of NetSuite in a research note on Friday, July 25th. They now have a $100.00 price target on the stock, up previously from $90.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of NetSuite in a research note on Friday, July 25th. They now have a $115.00 price target on the stock, down previously from $125.00. Finally, analysts at Barclays raised their price target on shares of NetSuite from $94.00 to $96.00 in a research note on Friday, July 25th. They now have an “overweight” rating on the stock. One research 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 stock currently has an average rating of “Buy” and a consensus target price of $103.24.
NetSuite (NYSE:N) traded down 2.89% during mid-day trading on Wednesday, hitting $81.58. The stock had a trading volume of 916,042 shares. NetSuite has a one year low of $69.48 and a one year high of $120.77. The stock’s 50-day moving average is $83.62 and its 200-day moving average is $90.51. The company’s market cap is $6.193 billion.
NetSuite (NYSE:N) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.03. The company had revenue of $131.80 million for the quarter, compared to the consensus estimate of $131.84 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 30.5% on a year-over-year basis. On average, analysts predict that NetSuite will post $0.26 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.