ServiceSource International, Inc. (NASDAQ:SREV) CEO Christopher Carrington acquired 33,900 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was bought at an average cost of $2.95 per share, with a total value of $100,005.00. Following the acquisition, the chief executive officer now owns 853,202 shares in the company, valued at $2,516,945.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Christopher Carrington also recently made the following trade(s):
- On Friday, September 8th, Christopher Carrington acquired 28,429 shares of ServiceSource International stock. The stock was bought at an average cost of $3.50 per share, with a total value of $99,501.50.
ServiceSource International, Inc. (NASDAQ SREV) traded down $0.04 during midday trading on Wednesday, reaching $2.93. The company had a trading volume of 245,200 shares, compared to its average volume of 231,910. ServiceSource International, Inc. has a 12 month low of $2.61 and a 12 month high of $6.25.
SREV has been the subject of several analyst reports. Northland Securities reissued a “hold” rating and issued a $5.25 price objective on shares of ServiceSource International in a report on Friday, October 6th. BidaskClub cut ServiceSource International from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Zacks Investment Research raised ServiceSource International from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Thursday, October 19th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Trading LLC raised its holdings in ServiceSource International by 45.7% in the 3rd quarter. Wolverine Trading LLC now owns 67,855 shares of the technology company’s stock worth $235,000 after purchasing an additional 21,275 shares during the period. PEAK6 Investments L.P. acquired a new position in ServiceSource International in the 3rd quarter worth about $105,000. Lyon Street Capital LLC raised its holdings in ServiceSource International by 552.6% in the 3rd quarter. Lyon Street Capital LLC now owns 469,622 shares of the technology company’s stock worth $1,625,000 after purchasing an additional 397,660 shares during the period. OxFORD Asset Management LLP raised its holdings in ServiceSource International by 465.6% in the 3rd quarter. OxFORD Asset Management LLP now owns 230,097 shares of the technology company’s stock worth $801,000 after purchasing an additional 189,413 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in ServiceSource International by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 599,331 shares of the technology company’s stock worth $2,074,000 after purchasing an additional 26,440 shares during the period. 68.49% of the stock is owned by institutional investors.
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ServiceSource International Company Profile
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).
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