Insider Selling: Jive Software SVP Unloads 22,905 Shares of Stock (JIVE)
Jive Software (NASDAQ:JIVE) SVP John Mccracken sold 22,905 shares of the stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $13.00, for a total value of $297,765.00. Following the completion of the sale, the senior vice president now directly owns 100,000 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on JIVE shares. Analysts at Needham & Company cut their price target on shares of Jive Software (NASDAQ:JIVE) from $18.00 to $16.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Jive Software (NASDAQ:JIVE) from $25.00 to $20.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG cut their price target on shares of Jive Software (NASDAQ:JIVE) from $19.00 to $15.00 in a research note to investors on Wednesday, July 31st. They now have a “neutral” rating on the stock.
Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $18.14.
Shares of Jive Software (NASDAQ:JIVE) traded up 0.38% during mid-day trading on Friday, hitting $13.05. The stock had a trading volume of 423,651 shares. Jive Software has a 1-year low of $10.63 and a 1-year high of $18.48. The stock has a 50-day moving average of $13.31 and a 200-day moving average of $15.37. The company’s market cap is $897.3 million.
Jive Software (NASDAQ:JIVE) last released its earnings data on Tuesday, July 30th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.02. The company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $35.16 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was up 30.4% on a year-over-year basis.
Jive Software, Inc develops social business collaboration software. The Company’s Social Business Software (NASDAQ:JIVE) combines the community software, collaboration software, social networking software, and social media monitoring offerings into an integrated platform.
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