Insider Buying: Servicesource International Inc (NASDAQ:SREV) Major Shareholder Purchases 50,000 Shares of Stock

Servicesource International Inc (NASDAQ:SREV) major shareholder Edenbrook Capital, Llc acquired 50,000 shares of the business’s stock in a transaction on Wednesday, September 23rd. The stock was acquired at an average price of $1.27 per share, with a total value of $63,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, September 21st, Edenbrook Capital, Llc acquired 200,000 shares of Servicesource International stock. The stock was acquired at an average price of $1.43 per share, with a total value of $286,000.00.
  • On Friday, September 4th, Edenbrook Capital, Llc acquired 19,040 shares of Servicesource International stock. The stock was acquired at an average price of $1.39 per share, with a total value of $26,465.60.
  • On Tuesday, September 8th, Edenbrook Capital, Llc acquired 35,454 shares of Servicesource International stock. The stock was acquired at an average price of $1.39 per share, with a total value of $49,281.06.
  • On Wednesday, September 2nd, Edenbrook Capital, Llc acquired 51,634 shares of Servicesource International stock. The stock was acquired at an average price of $1.39 per share, with a total value of $71,771.26.
  • On Monday, August 31st, Edenbrook Capital, Llc acquired 13,866 shares of Servicesource International stock. The stock was acquired at an average price of $1.50 per share, with a total value of $20,799.00.
  • On Friday, August 28th, Edenbrook Capital, Llc acquired 53,400 shares of Servicesource International stock. The stock was acquired at an average price of $1.50 per share, with a total value of $80,100.00.
  • On Monday, August 17th, Edenbrook Capital, Llc acquired 16,996 shares of Servicesource International stock. The stock was acquired at an average price of $1.49 per share, with a total value of $25,324.04.
  • On Tuesday, August 4th, Edenbrook Capital, Llc acquired 167,238 shares of Servicesource International stock. The stock was acquired at an average price of $1.56 per share, with a total value of $260,891.28.
  • On Tuesday, July 28th, Edenbrook Capital, Llc bought 715,389 shares of Servicesource International stock. The shares were purchased at an average price of $1.55 per share, with a total value of $1,108,852.95.
  • On Thursday, July 23rd, Edenbrook Capital, Llc bought 100 shares of Servicesource International stock. The shares were purchased at an average price of $1.45 per share, with a total value of $145.00.

Shares of SREV stock traded down $0.11 on Wednesday, reaching $1.25. 263,903 shares of the stock were exchanged, compared to its average volume of 349,636. Servicesource International Inc has a one year low of $0.53 and a one year high of $2.10. The stock has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.39. The stock has a market cap of $119.52 million, a PE ratio of -6.25 and a beta of 2.06.

Servicesource International (NASDAQ:SREV) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Servicesource International had a negative return on equity of 8.76% and a negative net margin of 8.85%. The business had revenue of $47.64 million during the quarter, compared to analysts’ expectations of $43.00 million. As a group, analysts anticipate that Servicesource International Inc will post -0.09 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in SREV. Prudential Financial Inc. acquired a new stake in shares of Servicesource International during the second quarter worth $27,000. Strs Ohio acquired a new stake in shares of Servicesource International during the second quarter worth $33,000. Kore Private Wealth LLC acquired a new stake in shares of Servicesource International during the second quarter worth $47,000. UBS Group AG acquired a new stake in shares of Servicesource International during the second quarter worth $52,000. Finally, American International Group Inc. acquired a new position in Servicesource International in the second quarter valued at about $84,000. 66.80% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on SREV shares. Zacks Investment Research upgraded Servicesource International from a “hold” rating to a “buy” rating and set a $1.75 target price for the company in a research report on Thursday, August 6th. B. Riley boosted their target price on Servicesource International from $1.75 to $2.00 in a research report on Monday, June 22nd.

About Servicesource International

ServiceSource International, Inc operates as a digital customer journey experience company. Its solutions include lead generation, inside sales, outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management services, such as the sale of maintenance and support service contracts for the products used by its clients' end-users.

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Insider Buying and Selling by Quarter for Servicesource International (NASDAQ:SREV)

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