NetSuite COO Unloads $71,787 in Stock (N)
NetSuite (NYSE:N) COO James Mcgeever sold 824 shares of the stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $87.12, for a total transaction of $71,786.88. Following the transaction, the chief operating officer now directly owns 271,532 shares in the company, valued at approximately $23,655,868. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
N has been the subject of a number of recent research reports. Analysts at DA Davidson initiated coverage on shares of NetSuite in a research note on Tuesday, August 26th. They set a “buy” rating and a $109.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $103.56.
Shares of NetSuite (NYSE:N) traded up 0.32% during mid-day trading on Wednesday, hitting $88.69. The stock had a trading volume of 558,575 shares. 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 $83.68 and a 200-day moving average of $87.40. The company’s market cap is $6.778 billion.
NetSuite (NYSE:N) last released its earnings data 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. Analysts expect that NetSuite will post $0.26 EPS for the current fiscal year.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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