Jive Software Inc. (JIVE) Stock Price Up 2.9%
Jive Software Inc. (NASDAQ:JIVE)’s share price rose 2.9% during trading on Wednesday . The stock traded as high as $4.20 and last traded at $4.19, with a volume of 569,502 shares. The stock had previously closed at $4.07.
Separately, Credit Suisse Group AG reissued a “hold” rating and set a $3.50 target price on shares of Jive Software in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.05.
The company has a 50 day moving average price of $3.86 and a 200-day moving average price of $3.74. The company’s market cap is $324.43 million.
Jive Software (NASDAQ:JIVE) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The business earned $51 million during the quarter, compared to analysts’ expectations of $49.80 million. Jive Software’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) EPS. Equities 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 21,875 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $3.96, for a total value of $86,625.00. Following the sale, the executive vice president now owns 396,625 shares in the company, valued at $1,570,635. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
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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