Insider Selling: John Mccracken Sells 30,000 Shares of Jive Software Stock (JIVE)
Jive Software (NASDAQ:JIVE) SVP John Mccracken unloaded 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $12.16, for a total transaction of $364,800.00. Following the completion of the sale, the senior vice president now directly owns 100,000 shares in the company, valued at approximately $1,216,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Jive Software (NASDAQ:JIVE) traded up 0.32% during mid-day trading on Thursday, hitting $12.41. 405,944 shares of the company’s stock traded hands. Jive Software has a one year low of $10.63 and a one year high of $18.48. The stock’s 50-day moving average is $12.5 and its 200-day moving average is $14.73. The company’s market cap is $853.3 million.
Jive Software (NASDAQ:JIVE) last announced its earnings results on Tuesday, July 30th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Jive Software will post $-0.59 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Needham & Company cut their price target on shares of Jive Software 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 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 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.14.
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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