NetSuite EVP Sells $83,541 in Stock (N)
NetSuite (NYSE:N) EVP Timothy Dilley unloaded 1,007 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $82.96, for a total transaction of $83,540.72. Following the sale, the executive vice president now directly owns 43,503 shares in the company, valued at approximately $3,609,009. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of NetSuite (NYSE:N) traded down 0.05% during mid-day trading 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 has a 50-day moving average of $82.79 and a 200-day moving average of $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 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 30.5% on a year-over-year basis. On average, analysts predict that NetSuite will post $0.26 earnings per share 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. NetSuite presently has a consensus rating of “Buy” and a consensus 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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