Jive Software Inc. (JIVE) Sees Strong Trading Volume
Shares of Jive Software Inc. (NASDAQ:JIVE) saw unusually-strong trading volume on Thursday . Approximately 324,318 shares were traded during mid-day trading, an increase of 120% from the previous session’s volume of 147,270 shares.The stock last traded at $4.39 and had previously closed at $4.20.
Separately, Credit Suisse Group AG reiterated a “hold” rating and issued a $3.50 target price on shares of Jive Software in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.05.
The company’s market capitalization is $347.35 million. The firm’s 50 day moving average price is $3.90 and its 200 day moving average price is $3.75.
Jive Software (NASDAQ:JIVE) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The company earned $51 million during the quarter, compared to analyst estimates of $49.80 million. During the same quarter last year, the company posted ($0.03) EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that Jive Software Inc. will post $0.04 EPS for the current 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 shares were sold at an average price of $3.96, for a total value of $86,625.00. Following the transaction, the executive vice president now owns 396,625 shares in the company, valued at approximately $1,570,635. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 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.