Netsuite Inc (N) Files Form 4 Insider Selling : Michael Forman Sells 357 Shares

Netsuite Inc (N): Michael Forman , SVP, Global Controller of Netsuite Inc sold 357 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $82.90 per share for a total value of $29,595.30 , 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 10, 2016, Douglas P. Solomon (SVP, General Counsel & Sec) sold 1,000 shares at $85.00 per share price.On Jun 8, 2016, Michael Forman (SVP, Global Controller) sold 541 shares at $83.11 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.

Shares of NetSuite Inc (N) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -4.21 points or -5.02% at $79.72 with 9,28,008 shares getting traded. Post opening the session at $83.27, the shares hit an intraday low of $79.545 and an intraday high of $83.27 and the price vacillated in this range throughout the day. The company has a market cap of $6,413 M and the number of outstanding shares has been calculated to be 8,04,39,651 shares. The 52-week high of NetSuite Inc is $102.46 and the 52-week low is $51.75.

NetSuite Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.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 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. (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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