Servicesource International Inc (NASDAQ:SREV) CEO Acquires $100,005.00 in Stock

Servicesource International Inc (NASDAQ:SREV) CEO Christopher Carrington purchased 33,900 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average cost of $2.95 per share, with a total value of $100,005.00. Following the purchase, the chief executive officer now owns 853,202 shares of the company’s stock, valued at approximately $2,516,945.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Christopher Carrington also recently made the following trade(s):

  • On Friday, September 8th, Christopher Carrington bought 28,429 shares of Servicesource International stock. The shares were bought at an average cost of $3.50 per share, with a total value of $99,501.50.

Servicesource International Inc (SREV) opened at $2.96 on Tuesday. Servicesource International Inc has a fifty-two week low of $2.61 and a fifty-two week high of $6.10.

Servicesource International (NASDAQ:SREV) last released its earnings results on Wednesday, November 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. Servicesource International had a negative return on equity of 1.35% and a negative net margin of 15.89%. The firm had revenue of $58.10 million for the quarter, compared to analyst estimates of $56.55 million. During the same quarter last year, the firm posted $0.02 EPS. The company’s revenue was down 7.0% on a year-over-year basis. analysts forecast that Servicesource International Inc will post -0.02 EPS for the current year.

Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of Servicesource International by 2.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 40,261 shares of the technology company’s stock worth $156,000 after buying an additional 794 shares during the period. Schwab Charles Investment Management Inc. raised its position in Servicesource International by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 263,112 shares of the technology company’s stock valued at $1,021,000 after purchasing an additional 1,615 shares during the last quarter. Bank of Montreal Can raised its position in Servicesource International by 2.7% in the 2nd quarter. Bank of Montreal Can now owns 90,934 shares of the technology company’s stock valued at $353,000 after purchasing an additional 2,370 shares during the last quarter. American International Group Inc. raised its position in Servicesource International by 7.1% in the 1st quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock valued at $146,000 after purchasing an additional 2,484 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in Servicesource International by 11.4% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 43,342 shares of the technology company’s stock valued at $168,000 after purchasing an additional 4,430 shares during the last quarter. Institutional investors and hedge funds own 68.49% of the company’s stock.

Several brokerages recently issued reports on SREV. BidaskClub raised Servicesource International from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research downgraded Servicesource International from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Northland Securities reaffirmed a “hold” rating and set a $5.25 price target on shares of Servicesource International in a research note on Friday, October 6th.

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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)

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