ServiceSource International, Inc. (SREV) CEO Christopher Carrington Acquires 28,429 Shares of Stock

ServiceSource International, Inc. (NASDAQ:SREV) CEO Christopher Carrington bought 28,429 shares of the stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $3.50 per share, for a total transaction of $99,501.50. Following the acquisition, the chief executive officer now directly owns 822,473 shares in the company, valued at $2,878,655.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

ServiceSource International, Inc. (NASDAQ:SREV) opened at 3.53 on Tuesday. The stock’s 50 day moving average is $3.61 and its 200-day moving average is $3.65. The stock’s market capitalization is $314.84 million. ServiceSource International, Inc. has a 52-week low of $2.82 and a 52-week high of $6.25.

ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings data on Monday, August 7th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $58.30 million for the quarter, compared to the consensus estimate of $56.26 million. ServiceSource International had a negative net margin of 17.26% and a negative return on equity of 3.70%. The company’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. Equities research analysts anticipate that ServiceSource International, Inc. will post $0.06 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was first posted by Markets Daily and is the property of of Markets Daily. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.themarketsdaily.com/2017/09/12/servicesource-international-inc-srev-ceo-christopher-carrington-acquires-28429-shares-of-stock.html.

Several large investors have recently modified their holdings of the business. Primecap Management Co. CA grew its stake in shares of ServiceSource International by 0.9% in the 1st quarter. Primecap Management Co. CA now owns 13,014,636 shares of the technology company’s stock worth $50,497,000 after buying an additional 116,400 shares in the last quarter. RGM Capital LLC boosted its stake in shares of ServiceSource International by 1.1% during the 1st quarter. RGM Capital LLC now owns 7,667,518 shares of the technology company’s stock worth $29,750,000 after purchasing an additional 82,802 shares during the period. Vanguard Group Inc. boosted its stake in shares of ServiceSource International by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,573,405 shares of the technology company’s stock worth $9,984,000 after purchasing an additional 92,847 shares during the period. Renaissance Technologies LLC boosted its stake in shares of ServiceSource International by 4.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,194,646 shares of the technology company’s stock worth $8,515,000 after purchasing an additional 102,600 shares during the period. Finally, State Street Corp boosted its stake in shares of ServiceSource International by 13.0% during the 2nd quarter. State Street Corp now owns 1,135,960 shares of the technology company’s stock worth $4,406,000 after purchasing an additional 130,675 shares during the period. 67.97% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. BidaskClub cut shares of ServiceSource International from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research cut shares of ServiceSource International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Northland Securities set a $5.00 target price on shares of ServiceSource International and gave the company a “hold” rating in a report on Friday, July 28th.

ServiceSource International Company Profile

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).

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

Receive News & Ratings for ServiceSource International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceSource International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply