Edenbrook Capital, Llc Purchases 19,400 Shares of ServiceSource International, Inc. (NASDAQ:SREV) Stock

ServiceSource International, Inc. (NASDAQ:SREV) major shareholder Edenbrook Capital, Llc purchased 19,400 shares of the firm’s stock in a transaction that occurred on Wednesday, January 12th. The stock was bought at an average price of $1.05 per share, with a total value of $20,370.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Edenbrook Capital, Llc also recently made the following trade(s):

  • On Monday, January 10th, Edenbrook Capital, Llc purchased 8,235 shares of ServiceSource International stock. The stock was bought at an average price of $1.02 per share, with a total value of $8,399.70.
  • On Friday, January 7th, Edenbrook Capital, Llc purchased 22,529 shares of ServiceSource International stock. The stock was bought at an average price of $1.03 per share, with a total value of $23,204.87.
  • On Wednesday, January 5th, Edenbrook Capital, Llc purchased 9,494 shares of ServiceSource International stock. The stock was bought at an average price of $1.02 per share, with a total value of $9,683.88.
  • On Tuesday, December 21st, Edenbrook Capital, Llc acquired 500,000 shares of ServiceSource International stock. The stock was acquired at an average cost of $0.95 per share, with a total value of $475,000.00.
  • On Wednesday, November 3rd, Edenbrook Capital, Llc acquired 230,000 shares of ServiceSource International stock. The stock was acquired at an average cost of $1.30 per share, with a total value of $299,000.00.

Shares of ServiceSource International stock opened at $1.10 on Friday. The stock has a 50-day moving average price of $1.07 and a 200 day moving average price of $1.29. The company has a market cap of $107.66 million, a P/E ratio of -5.79 and a beta of 1.87. ServiceSource International, Inc. has a 1 year low of $0.93 and a 1 year high of $2.18.

ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings data on Tuesday, November 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $48.58 million during the quarter. ServiceSource International had a negative return on equity of 9.66% and a negative net margin of 9.94%.

A number of institutional investors have recently made changes to their positions in SREV. Lynrock Lake LP lifted its stake in ServiceSource International by 2,538.6% in the 2nd quarter. Lynrock Lake LP now owns 2,814,456 shares of the technology company’s stock worth $3,968,000 after acquiring an additional 2,707,790 shares in the last quarter. Millennium Management LLC raised its stake in shares of ServiceSource International by 2,174.8% during the 2nd quarter. Millennium Management LLC now owns 1,833,909 shares of the technology company’s stock worth $2,586,000 after purchasing an additional 1,753,289 shares in the last quarter. Archon Capital Management LLC raised its stake in shares of ServiceSource International by 12.7% during the 2nd quarter. Archon Capital Management LLC now owns 9,225,145 shares of the technology company’s stock worth $13,007,000 after purchasing an additional 1,038,587 shares in the last quarter. Edenbrook Capital LLC raised its stake in shares of ServiceSource International by 2.7% during the 2nd quarter. Edenbrook Capital LLC now owns 19,439,977 shares of the technology company’s stock worth $27,411,000 after purchasing an additional 515,146 shares in the last quarter. Finally, Ergoteles LLC purchased a new stake in shares of ServiceSource International during the 2nd quarter worth about $526,000. 65.39% of the stock is owned by hedge funds and other institutional investors.

ServiceSource International Company Profile

ServiceSource International, Inc engages in the provision of performance-based customer success and revenue growth solutions. It offers inside sales, revenue retention, sales enablement, and channel management services. The firm serves hardware, software, cloud and medical devices markets. The company was founded by Michael A.

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