Insider Selling: John Mccracken Sells 15,000 Shares of Jive Software Stock (JIVE)
Jive Software (NASDAQ:JIVE) SVP John Mccracken sold 15,000 shares of Jive Software stock on the open market in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $10.03, for a total transaction of $150,450.00. Following the sale, the senior vice president now directly owns 180,000 shares of the company’s stock, valued at approximately $1,805,400. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Jive Software (NASDAQ:JIVE) traded up 1.00% on Wednesday, hitting $10.14. The stock had a trading volume of 464,147 shares. Jive Software has a 1-year low of $9.65 and a 1-year high of $18.48. The stock has a 50-day moving average of $10.59 and a 200-day moving average of $12.68. The company’s market cap is $702.1 million. Jive Software also was the recipient of some unusual options trading activity on Monday. Traders bought 15,399 put options on the stock. This represents an increase of approximately 1,019% compared to the average daily volume of 1,376 put options.
Jive Software (NASDAQ:JIVE) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.15) by $0.04. The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $36.52 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 29.4% on a year-over-year basis. On average, analysts predict that Jive Software will post $-0.56 earnings per share for the current fiscal year.
Separately, analysts at Credit Suisse cut their price target on shares of Jive Software from $20.00 to $16.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $17.57.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.