BroadSoft Inc (BSFT) Insider Scott D. Hoffpauir Sells 4,448 Shares

BroadSoft Inc (NASDAQ:BSFT) insider Scott D. Hoffpauir sold 4,448 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $54.96, for a total value of $244,462.08. Following the completion of the sale, the insider now owns 77,991 shares in the company, valued at $4,286,385.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BroadSoft Inc (NASDAQ:BSFT) remained flat at $$55.00 during midday trading on Friday. The stock had a trading volume of 431,428 shares, compared to its average volume of 729,938. BroadSoft Inc has a fifty-two week low of $33.85 and a fifty-two week high of $55.05. The stock has a market capitalization of $1,750.00, a PE ratio of -152.78, a P/E/G ratio of 3.55 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.64 and a quick ratio of 2.64.

BroadSoft (NASDAQ:BSFT) last released its earnings results on Monday, November 6th. The software maker reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.06. BroadSoft had a positive return on equity of 3.78% and a negative net margin of 2.86%. research analysts forecast that BroadSoft Inc will post 0.8 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSFT. Southpoint Capital Advisors LP purchased a new position in BroadSoft during the second quarter worth about $59,979,000. Legion Partners Asset Management LLC lifted its position in BroadSoft by 166.0% during the third quarter. Legion Partners Asset Management LLC now owns 929,226 shares of the software maker’s stock worth $46,740,000 after buying an additional 579,835 shares during the period. SQN Investors LP purchased a new position in BroadSoft during the second quarter worth about $16,949,000. Bank of Montreal Can lifted its position in BroadSoft by 229,591.8% during the fourth quarter. Bank of Montreal Can now owns 225,098 shares of the software maker’s stock worth $12,358,000 after buying an additional 225,000 shares during the period. Finally, Pier Capital LLC purchased a new position in BroadSoft during the third quarter worth about $6,194,000.

Several analysts have recently issued reports on the company. BidaskClub downgraded BroadSoft from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Zacks Investment Research downgraded BroadSoft from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Jefferies Group restated a “buy” rating and issued a $55.00 price objective on shares of BroadSoft in a research report on Thursday, September 28th. Dougherty & Co downgraded BroadSoft from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. Finally, Raymond James Financial restated an “outperform” rating and issued a $55.00 price objective on shares of BroadSoft in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.40.

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About BroadSoft

BroadSoft, Inc is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment.

Insider Buying and Selling by Quarter for BroadSoft (NASDAQ:BSFT)

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