Jive Software Inc. (JIVE) Sees Large Volume Increase
Shares of Jive Software Inc. (NASDAQ:JIVE) saw unusually-high trading volume on Thursday . Approximately 324,318 shares traded hands during 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 set a $3.50 price objective on shares of Jive Software in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $5.05.
The stock’s market capitalization is $341.14 million. The firm’s 50 day moving average is $3.92 and its 200 day moving average is $3.76.
Jive Software (NASDAQ:JIVE) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. During the same period last year, the firm posted ($0.03) earnings per share. The company earned $51 million during the quarter, compared to analysts’ expectations of $49.80 million. Jive Software’s revenue was up 4.9% on a year-over-year basis. Analysts anticipate that Jive Software Inc. will post $0.04 EPS for the current year.
In related news, major shareholder Sequoia Capital Growth Fund Ii sold 6,520 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $4.09, for a total transaction of $26,666.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ofer Ben-David sold 6,125 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $4.45, for a total transaction of $27,256.25. Following the sale, the executive vice president now directly owns 384,306 shares in the company, valued at $1,710,161.70. 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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