Insider Buying: ServiceSource International, Inc. (NASDAQ:SREV) Major Shareholder Purchases $20,370.00 in Stock

ServiceSource International, Inc. (NASDAQ:SREV) major shareholder Edenbrook Capital, Llc bought 19,400 shares of ServiceSource International stock in a transaction that occurred on Wednesday, January 12th. The stock was purchased at an average cost of $1.05 per share, for a total transaction of $20,370.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Edenbrook Capital, Llc also recently made the following trade(s):

  • On Monday, January 10th, Edenbrook Capital, Llc acquired 8,235 shares of ServiceSource International stock. The shares were bought at an average cost of $1.02 per share, for a total transaction of $8,399.70.
  • On Friday, January 7th, Edenbrook Capital, Llc acquired 22,529 shares of ServiceSource International stock. The shares were bought at an average cost of $1.03 per share, for a total transaction of $23,204.87.
  • On Wednesday, January 5th, Edenbrook Capital, Llc bought 9,494 shares of ServiceSource International stock. The shares were bought at an average price of $1.02 per share, for a total transaction of $9,683.88.
  • On Tuesday, December 21st, Edenbrook Capital, Llc purchased 500,000 shares of ServiceSource International stock. The shares were purchased at an average cost of $0.95 per share, with a total value of $475,000.00.
  • On Wednesday, November 3rd, Edenbrook Capital, Llc purchased 230,000 shares of ServiceSource International stock. The shares were purchased at an average cost of $1.30 per share, with a total value of $299,000.00.

Shares of SREV stock opened at $1.10 on Friday. The firm has a 50-day moving average price of $1.07 and a 200 day moving average price of $1.29. ServiceSource International, Inc. has a twelve month low of $0.93 and a twelve month high of $2.18. The company has a market capitalization of $107.66 million, a price-to-earnings ratio of -5.79 and a beta of 1.87.

ServiceSource International (NASDAQ:SREV) last announced its earnings results on Tuesday, November 2nd. The technology company reported ($0.01) earnings per share for the quarter. ServiceSource International had a negative net margin of 9.94% and a negative return on equity of 9.66%. The firm had revenue of $48.58 million during the quarter.

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its stake in ServiceSource International by 2,174.8% in the 2nd quarter. Millennium Management LLC now owns 1,833,909 shares of the technology company’s stock valued at $2,586,000 after purchasing an additional 1,753,289 shares during the last quarter. Credit Suisse AG acquired a new position in shares of ServiceSource International during the 2nd quarter valued at about $29,000. Tibra Equities Europe Ltd acquired a new position in shares of ServiceSource International during the 2nd quarter valued at about $280,000. Two Sigma Advisers LP increased its stake in shares of ServiceSource International by 11.1% during the 3rd quarter. Two Sigma Advisers LP now owns 284,314 shares of the technology company’s stock valued at $384,000 after acquiring an additional 28,500 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of ServiceSource International during the 2nd quarter valued at about $85,000. 65.39% of the stock is owned by hedge funds and other institutional investors.

About ServiceSource International

ServiceSource International, Inc engages in the provision of performance-based customer success and revenue growth solutions. It offers inside sales, revenue retention, sales enablement, and channel management services. The firm serves hardware, software, cloud and medical devices markets. The company was founded by Michael A.

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

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