Jive Software Inc. (JIVE) Rating Reiterated by Credit Suisse Group AG
Jive Software Inc. (NASDAQ:JIVE)‘s stock had its “neutral” rating reissued by equities research analysts at Credit Suisse Group AG in a report issued on Tuesday. They currently have a $4.00 price target on the stock. Credit Suisse Group AG’s price target points to a potential downside of 0.25% from the stock’s previous close.
Jive Software (NASDAQ:JIVE) traded up 0.4963% during trading on Tuesday, hitting $4.0299. The stock had a trading volume of 25,909 shares. The stock’s market capitalization is $313.16 million. The company has a 50-day moving average of $4.21 and a 200-day moving average of $4.00. Jive Software has a 52 week low of $2.84 and a 52 week high of $5.21.
Jive Software (NASDAQ:JIVE) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Jive Software had a negative return on equity of 38.48% and a negative net margin of 15.62%. The business earned $51 million during the quarter, compared to analyst estimates of $49.80 million. During the same period in the prior year, the company earned ($0.03) earnings per share. Jive Software’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that Jive Software will post $0.04 earnings per share for the current fiscal year.
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In other news, EVP Ofer Ben-David sold 6,125 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $4.45, for a total value of $27,256.25. Following the completion of the transaction, the executive vice president now directly owns 384,306 shares of the company’s stock, valued at $1,710,161.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Sequoia Capital Growth Fund Ii sold 6,520 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $4.09, for a total value of $26,666.80. The disclosure for this sale can be found here. Company insiders own 10.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Okumus Fund Management Ltd. raised its position in Jive Software by 38.4% in the first quarter. Okumus Fund Management Ltd. now owns 3,533,287 shares of the company’s stock worth $13,356,000 after buying an additional 979,714 shares during the last quarter. BlackRock Fund Advisors raised its position in Jive Software by 22.9% in the second quarter. BlackRock Fund Advisors now owns 1,493,353 shares of the company’s stock worth $5,615,000 after buying an additional 277,772 shares during the last quarter. State Street Corp raised its position in Jive Software by 12.4% in the second quarter. State Street Corp now owns 760,805 shares of the company’s stock worth $2,860,000 after buying an additional 83,692 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in Jive Software during the first quarter worth approximately $291,000. Finally, Citadel Advisors LLC raised its position in Jive Software by 21.5% in the second quarter. Citadel Advisors LLC now owns 367,654 shares of the company’s stock worth $1,382,000 after buying an additional 64,950 shares during the last quarter. 57.82% of the stock is owned by hedge funds and other institutional investors.
About Jive Software
Jive Software, Inc is a provider of social business platform solutions. The Company’s segment is software sales and services. The Company’s products are primarily offered on a subscription basis, deployable in a private or public cloud and can be used for internal or external communities. The Company’s traditional enterprise software product offerings, based on the Jive platform (the Jive Platform), are provided to customers as cloud-based or on premise solutions.
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