Servicesource International Inc (SREV) Director Bruce Dunlevie Acquires 6,956 Shares

Servicesource International Inc (NASDAQ:SREV) Director Bruce Dunlevie bought 6,956 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was purchased at an average price of $3.15 per share, for a total transaction of $21,911.40. Following the completion of the transaction, the director now directly owns 141,182 shares of the company’s stock, valued at approximately $444,723.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bruce Dunlevie also recently made the following trade(s):

  • On Wednesday, August 15th, Bruce Dunlevie bought 30,335 shares of Servicesource International stock. The stock was purchased at an average price of $2.98 per share, for a total transaction of $90,398.30.

Shares of NASDAQ:SREV traded up $0.18 during mid-day trading on Thursday, reaching $3.16. The stock had a trading volume of 19,785 shares, compared to its average volume of 387,191. The company has a market capitalization of $295.73 million, a P/E ratio of 38.25 and a beta of 0.90. Servicesource International Inc has a 1 year low of $2.61 and a 1 year high of $4.47.

Servicesource International (NASDAQ:SREV) last posted its earnings results on Monday, August 6th. The technology company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $61.11 million for the quarter, compared to the consensus estimate of $59.47 million. Servicesource International had a positive return on equity of 0.73% and a negative net margin of 10.52%. equities research analysts predict that Servicesource International Inc will post -0.01 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Millennium Management LLC raised its position in Servicesource International by 76.9% during the second quarter. Millennium Management LLC now owns 2,519,445 shares of the technology company’s stock valued at $9,927,000 after purchasing an additional 1,094,838 shares during the period. Macquarie Group Ltd. purchased a new stake in Servicesource International during the second quarter valued at approximately $360,000. Renaissance Technologies LLC raised its position in Servicesource International by 42.6% during the second quarter. Renaissance Technologies LLC now owns 4,374,367 shares of the technology company’s stock valued at $17,235,000 after purchasing an additional 1,307,221 shares during the period. Citadel Advisors LLC raised its position in Servicesource International by 748.9% during the second quarter. Citadel Advisors LLC now owns 87,807 shares of the technology company’s stock valued at $346,000 after purchasing an additional 77,463 shares during the period. Finally, Chicago Equity Partners LLC raised its position in Servicesource International by 11.3% during the second quarter. Chicago Equity Partners LLC now owns 150,015 shares of the technology company’s stock valued at $591,000 after purchasing an additional 15,220 shares during the period. Institutional investors own 68.68% of the company’s stock.

A number of equities research analysts recently commented on the company. ValuEngine upgraded Servicesource International from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research downgraded Servicesource International from a “hold” rating to a “sell” rating in a research report on Thursday, May 10th. Finally, BidaskClub downgraded Servicesource International from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Servicesource International has an average rating of “Hold” and a consensus target price of $4.75.

Servicesource International Company Profile

ServiceSource International, Inc provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company's solutions include 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, including the sale of maintenance and support service contracts for the products used by its clients' end-users.

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