Netsuite Inc (N) Files Form 4 Insider Selling : Michael Forman Sells 283 Shares

Netsuite Inc (N): Michael Forman , SVP, Global Controller of Netsuite Inc sold 283 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $75.83 per share for a total value of $21,459.89 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Douglas P. Solomon (SVP, General Counsel & Sec) sold 585 shares at $76.77 per share price.On May 11, 2016, Ronald S Gill (Chief Financial Officer) sold 339 shares at $75.82 per share price.Also, On May 3, 2016, Zachary Nelson (President & CEO) sold 28,242 shares at $80.00 per share price.On Apr 18, 2016, Evan Goldberg (CTO & Chairman of the Board) sold 20,000 shares at $70.76 per share price.

NetSuite Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in NetSuite Inc which led to swings in the share price. The shares opened for trading at $75.83 and hit $77.27 on the upside , eventually ending the session at $77.19, with a gain of 1.69% or 1.28 points. The heightened volatility saw the trading volume jump to 8,64,314 shares. The 52-week high of the share price is $102.46 and the company has a market cap of $6,209 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. (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.

Leave a Reply

NetSuite Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on NetSuite Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.