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Saba Software (NASDAQ:SABA) major shareholder Ardsley Advisory Partners bought 25,600 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average cost of $12.63 per share, for a total transaction of $323,328.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Software (NASDAQ:SABA) traded up 4.30% during mid-day trading on Wednesday, hitting $13.35. The stock had a trading volume of 21,742 shares. 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 $12.32 and its 200-day moving average is $11.64. The company’s market cap is $397.6 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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