Saba Software major shareholder Sells $40,200 in Stock (SABA)
Saba Software (NASDAQ:SABA) major shareholder Ardsley Advisory Partners sold 3,216 shares of the stock on the open market in a transaction dated Monday, July 14th. The shares were sold at an average price of $12.50, for a total transaction of $40,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Saba Software (NASDAQ:SABA) opened at 12.70 on Friday. Saba Software has a 1-year low of $9.20 and a 1-year high of $13.90. The stock’s 50-day moving average is $11.13 and its 200-day moving average is $11.74. The company’s market cap is $378.3 million.
Separately, analysts at Northland Securities reiterated an “outperform” rating on shares of Saba Software in a research note on Monday, July 7th. They now have a $18.00 price target on the stock.
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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