Servicesource International Inc (NASDAQ:SREV) Major Shareholder Buys $1,108,852.95 in Stock

Servicesource International Inc (NASDAQ:SREV) major shareholder Edenbrook Capital, Llc purchased 715,389 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was bought at an average price of $1.55 per share, with a total value of $1,108,852.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 Thursday, July 23rd, Edenbrook Capital, Llc purchased 100 shares of Servicesource International stock. The stock was bought at an average price of $1.45 per share, with a total value of $145.00.
  • On Tuesday, July 14th, Edenbrook Capital, Llc purchased 53,074 shares of Servicesource International stock. The stock was bought at an average price of $1.45 per share, with a total value of $76,957.30.
  • On Tuesday, June 30th, Edenbrook Capital, Llc bought 73,266 shares of Servicesource International stock. The shares were acquired at an average price of $1.55 per share, with a total value of $113,562.30.
  • On Thursday, June 18th, Edenbrook Capital, Llc bought 250,000 shares of Servicesource International stock. The shares were acquired at an average price of $1.52 per share, with a total value of $380,000.00.
  • On Monday, May 11th, Edenbrook Capital, Llc bought 540,400 shares of Servicesource International stock. The shares were acquired at an average price of $1.22 per share, with a total value of $659,288.00.

Servicesource International stock opened at $1.62 on Friday. Servicesource International Inc has a 12-month low of $0.53 and a 12-month high of $2.10. The stock has a market capitalization of $148.76 million, a P/E ratio of -8.10 and a beta of 2.16. The firm’s 50-day moving average is $1.62 and its two-hundred day moving average is $1.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.63 and a quick ratio of 1.63.

Servicesource International (NASDAQ:SREV) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. Servicesource International had a negative net margin of 8.97% and a negative return on equity of 9.38%. As a group, analysts forecast that Servicesource International Inc will post -0.11 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in SREV. Credit Suisse AG acquired a new stake in shares of Servicesource International during the 4th quarter worth about $218,000. Renaissance Technologies LLC boosted its stake in shares of Servicesource International by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 4,128,661 shares of the technology company’s stock worth $6,895,000 after purchasing an additional 94,946 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Servicesource International by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 523,879 shares of the technology company’s stock worth $874,000 after purchasing an additional 14,826 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of Servicesource International by 70.0% in the first quarter. King Luther Capital Management Corp now owns 680,000 shares of the technology company’s stock worth $596,000 after acquiring an additional 280,000 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Servicesource International by 17.4% in the first quarter. Wells Fargo & Company MN now owns 119,512 shares of the technology company’s stock worth $105,000 after acquiring an additional 17,721 shares during the last quarter. 64.44% of the stock is currently owned by institutional investors.

SREV has been the subject of several recent research reports. B. Riley raised their target price on shares of Servicesource International from $1.75 to $2.00 in a report on Monday, June 22nd. Zacks Investment Research downgraded shares of Servicesource International from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Finally, ValuEngine upgraded shares of Servicesource International from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd.

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.

Further Reading: Sell-Side Analysts

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

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