Jive Software Inc. (JIVE) Shares Up 2.9%
Jive Software Inc. (NASDAQ:JIVE)’s share price shot up 2.9% during mid-day trading on Wednesday . The company traded as high as $4.20 and last traded at $4.19, with a volume of 569,502 shares traded. The stock had previously closed at $4.07.
Separately, Credit Suisse Group AG reissued a “hold” rating and set a $3.50 price objective on shares of Jive Software in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.05.
The firm’s market cap is $347.35 million. The firm has a 50 day moving average price of $3.90 and a 200-day moving average price of $3.75.
Jive Software (NASDAQ:JIVE) last issued its earnings results on Tuesday, August 2nd. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business earned $51 million during the quarter, compared to analysts’ expectations of $49.80 million. During the same quarter in the previous year, the business earned ($0.03) EPS. Jive Software’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts expect that Jive Software Inc. will post $0.04 earnings per share for the current fiscal year.
In other Jive Software news, EVP Ofer Ben-David sold 6,125 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $4.45, for a total value of $27,256.25. Following the transaction, the executive vice president now owns 384,306 shares in the company, 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 business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $4.09, for a total transaction of $26,666.80. The disclosure for this sale can be found here.
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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