Jive Software CEO Anthony Zingale Sells 10,000 Shares (JIVE)
Jive Software (NASDAQ:JIVE) CEO Anthony Zingale unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $12.95, for a total transaction of $129,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,262,578 shares of the company’s stock. The sale 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 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 issued a buy rating to the company. Jive Software has a consensus rating of “Buy” and a consensus target price of $18.14.
Shares of Jive Software (NASDAQ:JIVE) traded up 0.70% on Wednesday, hitting $12.95. The stock had a trading volume of 495,872 shares. Jive Software has a 1-year low of $10.63 and a 1-year high of $18.48. The stock’s 50-day moving average is $12.93 and its 200-day moving average is $15.29. The company’s market cap is $890.5 million.
Jive Software (NASDAQ:JIVE) last announced its earnings results 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. Analysts expect that Jive Software will post $-0.60 EPS for the current fiscal year.
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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