NetSuite Insider Sells $373,621 in Stock (N)
NetSuite (NYSE:N) Insider Marc Huffman sold 4,502 shares of NetSuite stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $82.99, for a total transaction of $373,620.98. Following the completion of the sale, the insider now directly owns 67,410 shares in the company, valued at approximately $5,594,356. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 one year low of $69.48 and a one year 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 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. On average, analysts predict that NetSuite will post $0.26 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 equities 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 stock. The company presently has a consensus 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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