Jive Software SVP Sells $150,150 in Stock
Jive Software SVP John McCracken sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $10.01, for a total value of $150,150.00. Following the completion of the transaction, the senior vice president now directly owns 100,000 shares of the company’s stock, valued at approximately $1,001,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $36.52 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 29.4% on a year-over-year basis.
Interesting times for Jive, with revenue increasing yet the share price not doing well. McCracken’s sale won’t help matters in that area.