Tibco Software Short Interest Up 39.2% in June (TIBX)
Tibco Software (NASDAQ:TIBX) was the recipient of a large increase in short interest during the month of June. As of June 13th, there was short interest totalling 3,012,736 shares, an increase of 39.2% from the May 30th total of 2,163,557 shares, Analyst Ratings Network reports. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 4,758,189 shares, the days-to-cover ratio is presently 0.6 days.
In other Tibco Software news, CEO Vivek Ranadive unloaded 664,600 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $19.64, for a total transaction of $13,052,744.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
TIBX has been the subject of a number of recent research reports. Analysts at Wedbush raised their price target on shares of Tibco Software from $19.00 to $20.00 in a research note on Friday, June 20th. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Tibco Software from $17.00 to $19.00 in a research note on Friday, June 20th. They now have a “hold” rating on the stock. Finally, analysts at Susquehanna downgraded shares of Tibco Software from a “positive” rating to a “neutral” rating in a research note on Friday, June 20th. They now have a $19.00 price target on the stock, down previously from $24.00. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.36.
Tibco Software (NASDAQ:TIBX) opened at 20.25 on Wednesday. Tibco Software has a 52 week low of $18.20 and a 52 week high of $27.15. The stock’s 50-day moving average is $20.2 and its 200-day moving average is $20.98. The company has a market cap of $3.300 billion and a price-to-earnings ratio of 42.82.
Tibco Software (NASDAQ:TIBX) last issued its quarterly earnings data on Thursday, June 19th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.14. The company had revenue of $252.30 million for the quarter, compared to the consensus estimate of $252.33 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that Tibco Software will post $0.84 earnings per share for the current fiscal year.
TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.
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