Netsuite Inc (N) Files Form 4 Insider Selling : Douglas P. Solomon Sells 500 Shares

Netsuite Inc (N): Douglas P. Solomon , SVP, General Counsel & Sec of Netsuite Inc sold 500 shares on Apr 21, 2016. The Insider selling transaction was reported by the company on Apr 22, 2016 to the Securities and Exchange Commission. The shares were sold at $75.00 per share for a total value of $37,500.00 , 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 18, 2016, Evan Goldberg (CTO & Chairman of the Board) sold 20,000 shares at $70.76 per share price.On Apr 6, 2016, Douglas P. Solomon (SVP, General Counsel & Sec) sold 4,741 shares at $70.00 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 Wednesday, Apr 20, 2016 heightened volatility was witnessed in NetSuite Inc which led to swings in the share price. The shares opened for trading at $74.85 and hit $78.57 on the upside , eventually ending the session at $76.7, with a gain of 4.13% or 3.04 points. The heightened volatility saw the trading volume jump to 16,49,882 shares. The 52-week high of the share price is $102.46 and the company has a market cap of $6,135 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 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 is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 80 from a previous price target of $90 . The Rating was issued on Feb 1, 2016.NetSuite Inc is Upgraded by Canaccord Genuity to Buy and the brokerage firm has set the Price Target at $100. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Jan 29, 2016.NetSuite Inc is Reiterated by MKM Partners to Buy while Lowering the Price Target of the company shares to $ 82 from a previous price target of $95 . The Rating was issued on Jan 29, 2016.NetSuite Inc is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jan 26, 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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