ServiceSource International, Inc. (NASDAQ:SREV) CEO Christopher Carrington purchased 28,429 shares of the business’s stock in a transaction on Friday, September 8th. The shares were purchased at an average price of $3.50 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which is available through this link.

ServiceSource International, Inc. (SREV) opened at 3.69 on Thursday. ServiceSource International, Inc. has a one year low of $2.82 and a one year high of $6.25. The stock has a 50 day moving average price of $3.60 and a 200-day moving average price of $3.65. The stock’s market cap is $329.11 million.

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

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/14/servicesource-international-inc-srev-ceo-purchases-99501-50-in-stock.html.

Several research firms have weighed in on SREV. Northland Securities set a $5.00 price target on ServiceSource International and gave the company a “hold” rating in a report on Friday, July 28th. BidaskClub upgraded ServiceSource International from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Zacks Investment Research cut ServiceSource International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th.

Several large investors have recently bought and sold shares of the stock. Voya Investment Management LLC grew its position in ServiceSource International by 22.7% in the second quarter. Voya Investment Management LLC now owns 36,641 shares of the technology company’s stock worth $142,000 after acquiring an additional 6,789 shares during the period. American International Group Inc. grew its position in ServiceSource International by 7.1% in the first quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock worth $146,000 after acquiring an additional 2,484 shares during the period. Goldman Sachs Group Inc. grew its position in ServiceSource International by 30.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,467 shares of the technology company’s stock worth $153,000 after acquiring an additional 9,284 shares during the period. OxFORD Asset Management LLP grew its position in ServiceSource International by 106.3% in the second quarter. OxFORD Asset Management LLP now owns 40,684 shares of the technology company’s stock worth $158,000 after acquiring an additional 20,966 shares during the period. Finally, Nationwide Fund Advisors grew its position in ServiceSource International by 21.7% in the second quarter. Nationwide Fund Advisors now owns 42,721 shares of the technology company’s stock worth $166,000 after acquiring an additional 7,607 shares during the period. 67.97% of the stock is owned by hedge funds and other institutional investors.

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 & Stock 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 stocks with our FREE daily email newsletter.