Netsuite Inc (N) Files Form 4 Insider Selling : Evan Goldberg Sells 20,000 Shares

Netsuite Inc (N): Evan Goldberg , CTO & Chairman of the Board of Netsuite Inc sold 20,000 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $79.98 per share for a total value of $1,595,917.38 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, Ned Skinner (director) purchased 18,500 shares at $3.60 per share price.On Jun 17, 2016, Evan Goldberg (CTO & Chairman of the Board) sold 20,000 shares at $78.90 per share price.Also, On Jun 15, 2016, Douglas P. Solomon (SVP, General Counsel & Sec) sold 250 shares at $79.61 per share price.On Jun 14, 2016, Michael Forman (SVP, Global Controller) sold 357 shares at $82.90 per share price.

Shares of NetSuite Inc (N) ended Monday, Jul 18, 2016 session in red amid volatile trading. The shares closed down -0.43 points or -0.54% at $79.43 with 8,70,272 shares getting traded. Post opening the session at $79.79, the shares hit an intraday low of $78.57 and an intraday high of $80.1 and the price vacillated in this range throughout the day. The company has a market cap of $6,389 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 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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