NetSuite Inc. (NYSE:N)’s share price dropped 3.8% during trading on Wednesday . The company traded as low as $80.57 and last traded at $81.00, with a volume of 976,770 shares trading hands. The stock had previously closed at $84.18.

N has been the topic of a number of research reports. Mizuho raised their target price on shares of NetSuite from $67.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 18th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $65.00 target price on shares of NetSuite in a research note on Friday, April 1st. Vetr downgraded shares of NetSuite from a “buy” rating to a “hold” rating and set a $67.73 target price on the stock. in a research note on Monday, March 28th. SunTrust Banks Inc. raised their target price on shares of NetSuite from $67.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 18th. Finally, FBN Securities cut their target price on shares of NetSuite from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, May 2nd. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.66.

The company’s market cap is $6.47 billion. The company has a 50 day moving average price of $77.84 and a 200-day moving average price of $71.82.

NetSuite (NYSE:N) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.08. The business earned $216.60 million during the quarter, compared to the consensus estimate of $213.45 million. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Analysts anticipate that NetSuite Inc. will post $0.45 earnings per share for the current fiscal year.

In other news, Chairman Evan Goldberg sold 20,000 shares of the company’s stock in a transaction dated Friday, April 15th. The shares were sold at an average price of $70.60, for a total value of $1,412,000.00. Following the sale, the chairman now owns 289,892 shares of the company’s stock, valued at approximately $20,466,375.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Douglas P. Solomon sold 500 shares of the company’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $37,500.00. Following the completion of the sale, the senior vice president now directly owns 53,692 shares in the company, valued at approximately $4,026,900. The disclosure for this sale can be found here.

Other large investors have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in NetSuite by 1.3% in the fourth quarter. Rhumbline Advisers now owns 38,200 shares of the company’s stock valued at $3,232,000 after buying an additional 497 shares during the last quarter. California State Teachers Retirement System raised its stake in NetSuite by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 74,031 shares of the company’s stock valued at $6,265,000 after buying an additional 1,162 shares during the last quarter. Swiss National Bank raised its stake in NetSuite by 3.0% in the fourth quarter. Swiss National Bank now owns 71,200 shares of the company’s stock valued at $6,025,000 after buying an additional 2,100 shares during the last quarter. Pitcairn Co. raised its stake in NetSuite by 48.1% in the fourth quarter. Pitcairn Co. now owns 14,846 shares of the company’s stock valued at $1,256,000 after buying an additional 4,819 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in NetSuite by 50.3% in the fourth quarter. Profund Advisors LLC now owns 15,701 shares of the company’s stock valued at $1,329,000 after buying an additional 5,255 shares during the last quarter.

NetSuite Inc (NetSuite) is a provider of cloud-based financials, enterprise resource planning and omnichannel commerce software suites. The Company offers a suite of applications, including financial management, customer relationship management, e-commerce and retail management, commerce marketing automation, professional services automation and human capital management that enable companies to manage business operations in an integrated suite.

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