NetSuite Chairman Evan Goldberg Sells 21,784 Shares (N)
NetSuite (NYSE:N) Chairman Evan Goldberg sold 21,784 shares of NetSuite stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $82.29, for a total value of $1,792,605.36. Following the sale, the chairman now directly owns 60,080 shares in the company, valued at approximately $4,943,983. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $103.24.
Shares of NetSuite (NYSE:N) traded down 0.05% during mid-day trading on Thursday, hitting $84.00. The stock had a trading volume of 136,915 shares. NetSuite has a 1-year low of $69.48 and a 1-year 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 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. 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.