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NetSuite (NYSE:N) SVP Douglas P. Solomon sold 300 shares of the stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $82.34, for a total transaction of $24,702.00. Following the completion of the transaction, the senior vice president now directly owns 26,816 shares of the company’s stock, valued at approximately $2,208,029. 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 investment 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 presently has an average rating of “Buy” and a consensus target price of $103.24.

Shares of NetSuite (NYSE:N) traded up 0.10% on Thursday, hitting $82.65. The stock had a trading volume of 128,307 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 $83.28 and its 200-day moving average is $89.63. The company’s market cap is $6.316 billion.

NetSuite (NYSE:N) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.05 earnings per share. NetSuite’s revenue was up 30.5% compared to the same quarter last year. 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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