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Saba Software (NASDAQ:SABA) major shareholder Emancipation Management Llc acquired 15,200 shares of the stock on the open market in a transaction dated Friday, May 30th. The stock was purchased at an average cost of $9.66 per share, for a total transaction of $146,832.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Saba Software (NASDAQ:SABA) traded up 0.20% on Friday, hitting $9.80. 32,531 shares of the company’s stock traded hands. Saba Software has a 52-week low of $8.50 and a 52-week high of $13.90. The stock’s 50-day moving average is $10.46 and its 200-day moving average is $11.9. The company’s market cap is $291.9 million.

Saba Software, Inc (NASDAQ:SABA) is a provider of people systems, which constitute a class of business-critical software that combines enterprise learning, people management and collaboration technologies.

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