BroadSoft, Inc. (NASDAQ:BSFT) insider Scott D. Hoffpauir sold 4,448 shares of BroadSoft stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $54.57, for a total transaction of $242,727.36. Following the completion of the transaction, the insider now owns 90,208 shares of the company’s stock, valued at approximately $4,922,650.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of BroadSoft, Inc. (BSFT) traded up $0.02 during trading on Thursday, hitting $54.67. 1,084,584 shares of the company were exchanged, compared to its average volume of 598,130. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1,728.06, a price-to-earnings ratio of 156.00, a P/E/G ratio of 4.27 and a beta of 0.92. BroadSoft, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $55.05.
Institutional investors have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. acquired a new stake in BroadSoft during the 3rd quarter worth $130,000. Eqis Capital Management Inc. acquired a new stake in BroadSoft during the 3rd quarter worth $208,000. Pitcairn Co. acquired a new stake in BroadSoft during the 2nd quarter worth $222,000. US Bancorp DE grew its holdings in BroadSoft by 9.6% during the 2nd quarter. US Bancorp DE now owns 6,595 shares of the software maker’s stock worth $284,000 after acquiring an additional 579 shares during the period. Finally, Wrapmanager Inc. acquired a new stake in BroadSoft during the 2nd quarter worth $300,000.
A number of research analysts have recently issued reports on the stock. BidaskClub cut shares of BroadSoft from a “buy” rating to a “hold” rating in a research note on Thursday. Northland Securities reiterated a “hold” rating and issued a $42.00 target price on shares of BroadSoft in a research note on Sunday, November 19th. Raymond James Financial cut shares of BroadSoft from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 15th. Cowen cut shares of BroadSoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research cut shares of BroadSoft from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $50.40.
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BroadSoft Company Profile
BroadSoft, Inc is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment.
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