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 Jun 13, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $79.61 per share for a total value of $19,901.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Michael Forman (SVP, Global Controller) sold 357 shares at $82.90 per share price.On Jun 10, 2016, Douglas P. Solomon (SVP, General Counsel & Sec) sold 1,000 shares at $85.00 per share price.Also, On Jun 8, 2016, Evan Goldberg (CTO & Chairman of the Board) sold 3,081 shares at $83.39 per share price.On Jun 7, 2016, James Mcgeever (President and COO) sold 5,440 shares at $83.33 per share price.

NetSuite Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in NetSuite Inc which led to swings in the share price. The shares opened for trading at $77.5 and hit $79.81 on the upside , eventually ending the session at $78.74, with a gain of 1.72% or 1.33 points. The heightened volatility saw the trading volume jump to 7,40,646 shares. The 52-week high of the share price is $102.46 and the company has a market cap of $6,334 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 Initiated by BMO Capital Markets to Market Perform and the brokerage firm has set the Price Target at $90. The Rating was issued on Jun 15, 2016.NetSuite Inc is Initiated by Goldman to Sell and the brokerage firm has set the Price Target at $68. The Rating was issued on May 23, 2016.NetSuite Inc is Reiterated by SunTrust to Neutral and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $67 .The Rating was issued on May 18, 2016.NetSuite Inc is Reiterated by Sun Trust Rbsn Humphrey to Neutral and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $67 .The Rating was issued on May 18, 2016.NetSuite Inc is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $67 .The Rating was issued on May 18, 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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