Jive Software Inc. (JIVE) Trading Up 3.6%
Jive Software Inc. (NASDAQ:JIVE) was up 3.6% during mid-day trading on Friday . The stock traded as high as $4.34 and last traded at $4.33, with a volume of 150,294 shares changing hands. The stock had previously closed at $4.18.
Separately, Credit Suisse Group AG reissued a “hold” rating and set a $3.50 price target 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 assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.05.
The firm’s 50-day moving average price is $4.06 and its 200 day moving average price is $3.83. The company’s market cap is $336.48 million.
Jive Software (NASDAQ:JIVE) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company earned $51 million during the quarter, compared to the consensus estimate of $49.80 million. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) EPS. On average, analysts predict that Jive Software Inc. will post $0.04 earnings per share for the current fiscal year.
In related news, EVP Ofer Ben-David sold 21,875 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $3.96, for a total value of $86,625.00. Following the completion of the sale, the executive vice president now owns 396,625 shares in the company, valued at $1,570,635. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Sequoia Capital Growth Fund Ii sold 6,520 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were 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.
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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