NetSuite Inc. (N) Chairman Evan Goldberg Sells 20,000 Shares
NetSuite Inc. (NYSE:N) Chairman Evan Goldberg sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $109.77, for a total value of $2,195,400.00. Following the sale, the chairman now directly owns 190,082 shares of the company’s stock, valued at approximately $20,865,301.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Evan Goldberg also recently made the following trade(s):
- On Wednesday, September 7th, Evan Goldberg sold 3,061 shares of NetSuite stock. The stock was sold at an average price of $109.30, for a total value of $334,567.30.
- On Friday, July 15th, Evan Goldberg sold 20,000 shares of NetSuite stock. The stock was sold at an average price of $79.80, for a total value of $1,596,000.00.
Shares of NetSuite Inc. (NYSE:N) opened at 109.18 on Wednesday. The company’s market cap is $8.84 billion. NetSuite Inc. has a 1-year low of $51.75 and a 1-year high of $110.28. The stock has a 50 day moving average price of $109.02 and a 200-day moving average price of $84.48.
NetSuite (NYSE:N) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.05. The business had revenue of $230.80 million for the quarter, compared to analysts’ expectations of $230.58 million. NetSuite had a negative return on equity of 31.78% and a negative net margin of 16.21%. The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. Equities research analysts forecast that NetSuite Inc. will post $0.49 earnings per share for the current year.
N has been the subject of a number of research reports. Pacific Crest reissued a “hold” rating on shares of NetSuite in a research note on Friday, July 29th. Cowen and Company reissued an “underperform” rating and issued a $70.00 price objective on shares of NetSuite in a research note on Wednesday, July 13th. Goldman Sachs Group Inc. raised NetSuite from a “sell” rating to a “neutral” rating and lifted their target price for the company from $65.00 to $90.00 in a research report on Thursday, July 28th. BTIG Research reaffirmed a “neutral” rating on shares of NetSuite in a research report on Monday, August 1st. Finally, DA Davidson cut NetSuite from a “buy” rating to a “neutral” rating and cut their target price for the company from $130.00 to $109.00 in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, twenty-nine have issued a hold rating and four have given a buy rating to the company. NetSuite currently has a consensus rating of “Hold” and a consensus price target of $90.82.
A number of large investors have recently bought and sold shares of N. BNP Paribas Arbitrage SA boosted its stake in NetSuite by 65.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,515 shares of the company’s stock worth $110,000 after buying an additional 601 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in NetSuite during the second quarter worth approximately $127,000. DekaBank Deutsche Girozentrale boosted its stake in NetSuite by 62.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,047 shares of the company’s stock worth $150,000 after buying an additional 787 shares in the last quarter. Quantbot Technologies LP acquired a new stake in NetSuite during the second quarter worth approximately $157,000. Finally, M&T Bank Corp acquired a new stake in NetSuite during the first quarter worth approximately $202,000. 54.29% of the stock is currently owned by institutional investors and hedge funds.
NetSuite Company Profile
NetSuite Inc (NetSuite) is a provider of cloud-based financials, enterprise resource planning and omnichannel commerce software suites. The Company offers a suite of applications, including financial management, customer relationship management, e-commerce and retail management, commerce marketing automation, professional services automation and human capital management that enable companies to manage business operations in an integrated suite.
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