Edenbrook Capital, Llc Purchases 12,822 Shares of ServiceSource International, Inc. (NASDAQ:SREV) Stock

ServiceSource International, Inc. (NASDAQ:SREVGet Rating) major shareholder Edenbrook Capital, Llc purchased 12,822 shares of the firm’s stock in a transaction that occurred on Thursday, April 21st. The stock was acquired at an average price of $1.15 per share, for a total transaction of $14,745.30. Following the completion of the purchase, the insider now directly owns 20,916,400 shares of the company’s stock, valued at approximately $24,053,860. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 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 Tuesday, April 19th, Edenbrook Capital, Llc purchased 6,224 shares of ServiceSource International stock. The stock was acquired at an average price of $1.14 per share, for a total transaction of $7,095.36.
  • On Thursday, April 14th, Edenbrook Capital, Llc purchased 3,585 shares of ServiceSource International stock. The stock was acquired at an average price of $1.10 per share, for a total transaction of $3,943.50.
  • On Thursday, February 24th, Edenbrook Capital, Llc purchased 348,460 shares of ServiceSource International stock. The stock was acquired at an average price of $1.28 per share, for a total transaction of $446,028.80.
  • On Wednesday, February 2nd, Edenbrook Capital, Llc purchased 1,600 shares of ServiceSource International stock. The stock was acquired at an average price of $1.00 per share, for a total transaction of $1,600.00.
  • On Monday, January 31st, Edenbrook Capital, Llc purchased 47,141 shares of ServiceSource International stock. The stock was acquired at an average price of $1.00 per share, for a total transaction of $47,141.00.
  • On Friday, January 28th, Edenbrook Capital, Llc purchased 75,000 shares of ServiceSource International stock. The stock was acquired at an average price of $1.00 per share, for a total transaction of $75,000.00.
  • On Wednesday, January 26th, Edenbrook Capital, Llc acquired 2,399 shares of ServiceSource International stock. The shares were purchased at an average price of $1.00 per share, for a total transaction of $2,399.00.
  • On Monday, January 24th, Edenbrook Capital, Llc acquired 11,200 shares of ServiceSource International stock. The shares were purchased at an average price of $0.99 per share, for a total transaction of $11,088.00.
  • On Friday, January 21st, Edenbrook Capital, Llc acquired 6,845 shares of ServiceSource International stock. The shares were purchased at an average price of $0.99 per share, for a total transaction of $6,776.55.

SREV stock opened at $1.11 on Friday. The stock has a market capitalization of $110.93 million, a P/E ratio of -7.93 and a beta of 1.69. ServiceSource International, Inc. has a 12 month low of $0.93 and a 12 month high of $1.63. The firm has a 50-day moving average price of $1.24 and a 200-day moving average price of $1.16.

ServiceSource International (NASDAQ:SREVGet Rating) last posted its earnings results on Wednesday, February 23rd. The technology company reported $0.04 EPS for the quarter. The firm had revenue of $55.80 million during the quarter. ServiceSource International had a negative net margin of 7.52% and a negative return on equity of 5.18%.

A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of ServiceSource International in a research note on Tuesday. They set a “hold” rating on the stock. TheStreet upgraded shares of ServiceSource International from a “d+” rating to a “c-” rating in a research note on Wednesday, March 2nd.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its holdings in ServiceSource International by 16.0% in the 1st quarter. Morgan Stanley now owns 77,525 shares of the technology company’s stock valued at $114,000 after buying an additional 10,705 shares during the last quarter. Geode Capital Management LLC raised its holdings in ServiceSource International by 9.2% in the 3rd quarter. Geode Capital Management LLC now owns 678,163 shares of the technology company’s stock valued at $915,000 after buying an additional 57,391 shares during the last quarter. Two Sigma Advisers LP raised its holdings in ServiceSource International by 11.1% in the 3rd quarter. Two Sigma Advisers LP now owns 284,314 shares of the technology company’s stock valued at $384,000 after buying an additional 28,500 shares during the last quarter. AMH Equity Ltd bought a new position in ServiceSource International in the 4th quarter valued at approximately $2,222,000. Finally, Assenagon Asset Management S.A. bought a new position in ServiceSource International in the 4th quarter valued at approximately $227,000. 67.94% of the stock is owned by hedge funds and other institutional investors.

About ServiceSource International (Get Rating)

ServiceSource International, Inc provides business process-as-a-service solutions worldwide. The company provides digital solutions, including demand qualification, demand conversion, and account management; customer success solutions, such as onboarding, adoption, and renewals management; CJX solutions; and channel management solutions comprise partner recruitment, partner onboarding and enablement, and partner success management.

Further Reading

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

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