Todays Report: The Jive Software Inc. (JIVE) Set to Announce Quarterly Earnings on Tuesday

The Jive Software Inc. (JIVE) Set to Announce Quarterly Earnings on Tuesday

Jive Software Inc. (NASDAQ:JIVE) is set to release its Q316 earnings data on Tuesday, November 1st. Analysts expect Jive Software to post earnings of $0.02 per share and revenue of $49.76 million for the quarter.

Jive Software Inc. (NASDAQ:JIVE) opened at 3.82 on Monday. Jive Software Inc. has a 52 week low of $2.84 and a 52 week high of $5.21. The company has a 50 day moving average price of $4.12 and a 200-day moving average price of $4.01. The firm’s market capitalization is $296.84 million.

In other Jive Software news, EVP Ofer Ben-David sold 6,125 shares of the firm’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 value of $27,256.25. Following the completion of the transaction, the executive vice president now directly owns 384,306 shares in the company, valued at $1,710,161.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Sequoia Capital Growth Fund Ii sold 6,520 shares of the firm’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 value of $26,666.80. The disclosure for this sale can be found here. 10.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its position in Jive Software by 22.9% in the second quarter. BlackRock Fund Advisors now owns 1,493,353 shares of the company’s stock worth $5,615,000 after buying an additional 277,772 shares in the last quarter. State Street Corp increased its position in shares of Jive Software by 12.4% in the second quarter. State Street Corp now owns 760,805 shares of the company’s stock valued at $2,860,000 after buying an additional 83,692 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Jive Software by 21.5% in the second quarter. Citadel Advisors LLC now owns 367,654 shares of the company’s stock valued at $1,382,000 after buying an additional 64,950 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Jive Software by 4.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,252,658 shares of the company’s stock valued at $4,710,000 after buying an additional 58,556 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its position in shares of Jive Software by 32.1% in the second quarter. BlackRock Investment Management LLC now owns 220,810 shares of the company’s stock valued at $830,000 after buying an additional 53,681 shares in the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

JIVE has been the subject of a number of research reports. Zacks Investment Research upgraded Jive Software from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Wednesday, October 26th. Credit Suisse Group AG reiterated a “hold” rating and set a $3.50 price objective on shares of Jive Software in a report on Monday, August 1st.

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