Jive Software Inc. (JIVE) Trading Up 3.6%
Shares of Jive Software Inc. (NASDAQ:JIVE) were 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 traded. The stock had previously closed at $4.18.
Separately, Credit Suisse Group AG reiterated a “hold” rating and set a $3.50 price target on shares of Jive Software in a research report on Monday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $5.05.
The company’s 50-day moving average is $4.06 and its 200 day moving average is $3.83. The company’s market capitalization is $336.48 million.
Jive Software (NASDAQ:JIVE) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business earned $51 million during the quarter, compared to the consensus estimate of $49.80 million. During the same period last year, the firm earned ($0.03) EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts expect that Jive Software Inc. will post $0.04 earnings per share for the current year.
In related news, major shareholder Sequoia Capital Growth Fund Ii sold 6,520 shares of the business’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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ofer Ben-David sold 6,125 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $4.45, for a total transaction of $27,256.25. Following the transaction, the executive vice president now directly owns 384,306 shares of the company’s stock, valued at approximately $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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