BroadSoft CTO Sells $2,160,000 in Stock (BSFT)
BroadSoft (NASDAQ:BSFT) CTO Scott Hoffpauir sold 60,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $36.00, for a total transaction of $2,160,000.00. Following the completion of the sale, the chief technology officer now directly owns 135,112 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of BroadSoft (NASDAQ:BSFT) from $29.00 to $30.00 in a research note to investors on Wednesday, August 7th. Separately, analysts at Deutsche Bank raised their price target on shares of BroadSoft (NASDAQ:BSFT) from $25.00 to $28.00 in a research note to investors on Wednesday, August 7th. They now have a “hold” rating on the stock. Finally, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of BroadSoft (NASDAQ:BSFT) in a research note to investors on Tuesday, August 6th. They now have a $33.00 price target on the stock.
One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $34.34.
BroadSoft (NASDAQ:BSFT) traded down 1.30% on Friday, hitting $36.56. 385,407 shares of the company’s stock traded hands. BroadSoft has a 52-week low of $20.45 and a 52-week high of $42.96. The stock’s 50-day moving average is $32.2 and its 200-day moving average is $28.45. The company has a market cap of $1.028 billion and a price-to-earnings ratio of 385.83.
BroadSoft (NASDAQ:BSFT) last released its earnings data on Monday, August 5th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.10. The company had revenue of $44.00 million for the quarter, compared to the consensus estimate of $42.81 million. During the same quarter last year, the company posted $0.33 earnings per share. BroadSoft’s revenue was up 8.6% compared to the same quarter last year.
BroadSoft, Inc (NASDAQ:BSFT) is a is a global provider of software and services that enable mobile, fixed-line and cable service providers to deliver unified communications (UC) and other voice and multimedia services over their Internet protocol-based (IP-based) networks.
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