Jive Software SVP Sells $386,700 in Stock (JIVE)
Jive Software (NASDAQ:JIVE) SVP John Mccracken unloaded 30,000 shares of Jive Software stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $12.89, for a total value of $386,700.00. Following the transaction, the senior vice president now directly owns 100,000 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 given a buy rating to the company. Jive Software currently has an average rating of “Buy” and a consensus target price of $18.14.
Jive Software (NASDAQ:JIVE) traded up 0.70% during mid-day trading on Wednesday, hitting $12.95. The stock had a trading volume of 495,872 shares. Jive Software has a 52 week low of $10.63 and a 52 week 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 released its earnings data on Tuesday, July 30th. The company reported ($0.14) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.11) earnings per share. Jive Software’s revenue was up 30.4% compared to the same quarter last year. On average, analysts predict that Jive Software will post $-0.60 earnings per share 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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