More recently, the firm’s CEO Matthew Prince kept busy during the three days spanning October 5 to October 7, disposing of a hefty amount of stock in his own company. In other words, Prince sold roughly $9.2 million worth of shares over three days, according to an SEC filing. In addition, the sales price for the shares varied from $55.47 to $62.60; however, this was simply a continuation of the selling trend Prince had undertaken since August 2022, only to be followed by Kramer Douglas James, a member of the General Counsel of the company.
NET chart and analysis
As for NET’s recent market performance, the short-term trend is neutral, while the long-term trend is still negative, with the shares remaining below all moving averages. Over the past month, NET traded in a wide range from $50.37 to $65.29. Technical analysis indicates a resistance zone from $55.40 to $55.90. Analysts rate the stock a ‘moderate buy,’ with the average price in the next 12 months reaching $89.40, 73.96% higher than the current trading price of $51.39. Notably, out of 16 Wall Street analysts, 6 have a ‘buy’ rating, and 10 have a ‘hold’ rating. While the firm has a strong vision for the future, and execution has been subpar recently, at least according to the latest earnings report, any hiccups will be severely punished in this market. Perhaps that was one of the reasons why Prince decided to sell over $9 million worth of shares of the stock; however, Wall Street analysts still believe the firm is a solid long-term buy. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
