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Saba Software (NASDAQ:SABA) major shareholder Emancipation Management Llc acquired 27,600 shares of the stock in a transaction dated Thursday, June 5th. The shares were purchased at an average price of $10.06 per share, for a total transaction of $277,656.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Saba Software (NASDAQ:SABA) traded up 1.17% on Friday, hitting $10.40. The stock had a trading volume of 1,305 shares. Saba Software has a 52-week low of $8.55 and a 52-week high of $13.90. The stock has a 50-day moving average of $10.28 and a 200-day moving average of $11.88. The company’s market cap is $309.8 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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