Insider Selling: NetSuite EVP Sells $83,541 in Stock (N)
NetSuite (NYSE:N) EVP Timothy Dilley sold 1,007 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $82.96, for a total transaction of $83,540.72. Following the transaction, the executive vice president now directly owns 43,503 shares of the company’s stock, valued at approximately $3,609,009. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of NetSuite (NYSE:N) traded up 1.91% on Tuesday, hitting $84.40. 432,828 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 has a 50-day moving average of $82. and a 200-day moving average of $88.81. The company’s market cap is $6.450 billion.
NetSuite (NYSE:N) last released its earnings data on Thursday, July 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. Analysts expect that NetSuite will post $0.26 EPS for the current fiscal year.
N has been the subject of a number of recent research reports. 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 given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $103.24.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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