Jive Software Shares Up 6.8% After Insider Buying Activity (JIVE)
Shares of Jive Software (NASDAQ:JIVE) shot up 6.8% during mid-day trading on Wednesday after an insider bought additional shares in the company, Stock Ratings Network.com reports. The company traded as high as $8.17 and last traded at $8.16, with a volume of 1,080,258 shares traded. The stock had previously closed at $7.64.
Specifically, CEO Anthony Zingale bought 100,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average price of $7.55 per share, with a total value of $755,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on JIVE. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Jive Software in a research note on Wednesday, May 7th. They now have a $9.00 price target on the stock, down previously from $10.00. Analysts at Robert W. Baird cut their price target on shares of Jive Software from $11.00 to $9.00 in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Jive Software presently has an average rating of “Buy” and an average target price of $12.83.
The stock’s 50-day moving average is $7.88 and its 200-day moving average is $8.83. The company’s market cap is $571.3 million.
Jive Software (NASDAQ:JIVE) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.03. The company had revenue of $41.00 million for the quarter, compared to the consensus estimate of $40.58 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts predict that Jive Software will post $-0.41 earnings per share for the current fiscal year.
Jive Software, Inc (NASDAQ:JIVE) provides a social business software platform.
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