Share on StockTwits

TIBCO Software (NASDAQ:TIBX) EVP Murat Sonmez sold 4,107 shares of TIBCO Software stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $22.75, for a total value of $93,434.25. Following the transaction, the executive vice president now directly owns 234,502 shares of the company’s stock, valued at approximately $5,334,921. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on TIBX. Analysts at Deutsche Bank initiated coverage on shares of TIBCO Software in a research note to investors on Wednesday. They set a “hold” rating on the stock. Separately, analysts at Wedbush downgraded shares of TIBCO Software from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $25.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks downgraded shares of TIBCO Software from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, December 25th. They now have a $21.40 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.97.

Shares of TIBCO Software (NASDAQ:TIBX) traded down 1.14% during mid-day trading on Wednesday, hitting $22.45. The stock had a trading volume of 3,128,658 shares. TIBCO Software has a 52-week low of $18.18 and a 52-week high of $27.15. The stock has a 50-day moving average of $23.11 and a 200-day moving average of $24.09. The company has a market cap of $3.610 billion and a price-to-earnings ratio of 45.42.

TIBCO Software (NASDAQ:TIBX) last announced its earnings results on Thursday, December 19th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.10. The company had revenue of $315.20 million for the quarter, compared to the consensus estimate of $312.70 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts predict that TIBCO Software will post $1.16 earnings per share for the current fiscal year.

TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.

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.