Netsuite Inc (N) Files Form 4 Insider Selling : Douglas P. Solomon Sells 250 Shares

Netsuite Inc (N): Douglas P. Solomon , SVP, General Counsel & Sec of Netsuite Inc sold 250 shares on Apr 29, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $80.00 per share for a total value of $20,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 22, 2016, Douglas P. Solomon (SVP, General Counsel & Sec) sold 500 shares at $75.00 per share price.On Apr 18, 2016, Evan Goldberg (CTO & Chairman of the Board) sold 20,000 shares at $70.76 per share price.Also, On Apr 6, 2016, Ronald S Gill (Chief Financial Officer) sold 10,850 shares at $70.00 per share price.On Apr 4, 2016, Delbert Tschakert (director) sold 12,500 shares at $4.05 per share price.

NetSuite Inc: On Monday, May 2, 2016 heightened volatility was witnessed in NetSuite Inc which led to swings in the share price. The shares opened for trading at $81.49 and hit $82.85 on the upside , eventually ending the session at $81.61, with a gain of 0.70% or 0.57 points. The heightened volatility saw the trading volume jump to 7,50,531 shares. The 52-week high of the share price is $102.46 and the company has a market cap of $6,527 M . The 52-week low of the share price is at $51.75.

NetSuite Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.NetSuite Inc is Reiterated by FBN Securities to Outperform and the brokerage firm has raised the Price Target to $ 100 from a previous price target of $90 .The Rating was issued on May 2, 2016.NetSuite Inc is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 94 from a previous price target of $90 .The Rating was issued on Apr 29, 2016.NetSuite Inc is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 92 from a previous price target of $82 .The Rating was issued on Apr 29, 2016.NetSuite Inc is Reiterated by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 65 from a previous price target of $97 . The Rating was issued on Feb 10, 2016.

NetSuite Inc. (NetSuite) is a provider of cloud-based financials enterprise resource planning (ERP) and omnichannel commerce software suites. The Company’s offerings include NetSuite NetSuite OneWorld NetSuite CRM+ NetSuite OpenAir PSA SuiteCommerce NetSuite POS TribeHR LightCMS Add-On Modules NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite which provides core business management capabilities. NetSuite OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Company’s technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

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NetSuite Inc - Is it time to Sell?

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