B. Riley Reiterates Neutral Rating for Jive Software, Inc. (JIVE)
Jive Software, Inc. (NASDAQ:JIVE)‘s stock had its “neutral” rating reiterated by investment analysts at B. Riley in a research report issued to clients and investors on Sunday. They presently have a $5.25 price objective on the software maker’s stock.
Separately, Zacks Investment Research cut Jive Software from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th.
Jive Software (NASDAQ JIVE) opened at 5.25 on Friday. The stock’s market capitalization is $418.75 million. The firm’s 50-day moving average is $5.23 and its 200-day moving average is $4.50. Jive Software has a 12-month low of $3.50 and a 12-month high of $5.35.
In related news, Chairman Anthony Zingale sold 377,667 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $5.30, for a total transaction of $2,001,635.10. Following the sale, the chairman now directly owns 599,380 shares of the company’s stock, valued at $3,176,714. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Francisco Partners Management LP acquired a new stake in Jive Software during the fourth quarter valued at approximately $25,280,000. Engine Capital Management LLC boosted its stake in Jive Software by 28,388.7% in the first quarter. Engine Capital Management LLC now owns 994,540 shares of the software maker’s stock valued at $4,277,000 after buying an additional 991,049 shares during the period. Okumus Fund Management Ltd. boosted its stake in Jive Software by 38.4% in the first quarter. Okumus Fund Management Ltd. now owns 3,533,287 shares of the software maker’s stock valued at $13,356,000 after buying an additional 979,714 shares during the period. Divisar Capital Management LLC acquired a new stake in Jive Software during the fourth quarter valued at approximately $4,027,000. Finally, Millennium Management LLC boosted its stake in Jive Software by 332.3% in the fourth quarter. Millennium Management LLC now owns 718,946 shares of the software maker’s stock valued at $2,933,000 after buying an additional 552,646 shares during the period. 65.36% of the stock is currently owned by institutional investors.
About Jive Software
Jive Software, Inc is engaged in providing software sales and services. The Company’s products are sold on a subscription basis, deployable in on-premise, hosted and cloud instances and used for internal or external communities. Its traditional enterprise software product offerings are based on the Jive platform (the Jive Platform), which is a communication and collaboration hub.
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