Somewhat Positive Media Coverage Somewhat Unlikely to Affect Jive Software (NASDAQ:JIVE) Share Price
News stories about Jive Software (NASDAQ:JIVE) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Jive Software earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 46.4928556588963 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Jive Software (JIVE) remained flat at $5.25 during midday trading on Thursday. Jive Software has a 1-year low of $3.50 and a 1-year high of $5.35. The stock has a 50-day moving average price of $5.23 and a 200 day moving average price of $4.50.
JIVE has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Jive Software from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. B. Riley initiated coverage on shares of Jive Software in a research report on Monday, April 17th. They issued a “buy” rating and a $6.00 price objective for the company.
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In other Jive Software news, Chairman Anthony Zingale sold 377,667 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $5.30, for a total transaction of $2,001,635.10. Following the completion of the transaction, the chairman now directly owns 599,380 shares of the company’s stock, valued at approximately $3,176,714. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.70% of the company’s stock.
Jive Software Company Profile
Jive Software, Inc is engaged in providing software sales and services. The Company’s products are sold on a subscription basis, deployable in on-premise, hosted and cloud instances and used for internal or external communities. Its traditional enterprise software product offerings are based on the Jive platform (the Jive Platform), which is a communication and collaboration hub.
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