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NetSuite (NYSE:N) CEO Zachary Nelson sold 2,518 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $82.98, for a total value of $208,943.64. Following the transaction, the chief executive officer now directly owns 1,020,052 shares of the company’s stock, valued at approximately $84,643,915. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NetSuite (NYSE:N) traded down 0.05% on Thursday, hitting $84.00. 136,915 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 $82.79 and its 200-day moving average is $88.78. The company’s market cap is $6.419 billion.

NetSuite (NYSE:N) last posted its quarterly earnings results 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.

A number of analysts have recently weighed in on N shares. 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. NetSuite currently has a consensus rating of “Buy” and an average target price of $103.24.

NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.

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