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 Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $109.39 per share for a total value of $39,052.23 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, Michael Forman (SVP, Global Controller) sold 541 shares at $109.31 per share price.On Sep 8, 2016, Evan Goldberg (CTO & Chairman of the Board) sold 3,061 shares at $109.30 per share price.Also, On Sep 8, 2016, Ronald S Gill (Chief Financial Officer) sold 2,683 shares at $108.90 per share price.On Sep 8, 2016, Marc Huffman (President WW Sales & Distrib) sold 1,532 shares at $108.89 per share price.

NetSuite Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in NetSuite Inc which led to swings in the share price. The shares opened for trading at $109.47 and hit $110.26 on the upside , eventually ending the session at $110.05, with a gain of 0.04% or 0.04 points. The heightened volatility saw the trading volume jump to 634,667 shares. The 52-week high of the share price is $110.26 and the company has a market cap of $8,906 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 Downgraded by SunTrust to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 12, 2016.NetSuite Inc is Downgraded by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 109 from a previous price target of $92 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 2, 2016.NetSuite Inc is Upgraded by Goldman to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Jul 29, 2016.NetSuite Inc is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jul 29, 2016.NetSuite Inc is Downgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 109 from a previous price target of $90 .Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jul 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.

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