Broadsoft, Inc. (BSFT) Files Form 4 Insider Selling : John D. Jr. Markley Sells 2,000 Shares

Broadsoft, Inc. (BSFT): John D. Jr. Markley , director of Broadsoft, Inc. sold 2,000 shares on Apr 11, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $40.79 per share for a total value of $81,580.00.

Company has been under the radar of several Street Analysts.BroadSoft Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 48 from a previous price target of $42 .The Rating was issued on Mar 1, 2016.BroadSoft Inc is Upgraded by Wells Fargo to Outperform. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Jan 20, 2016.

Currently the company Insiders own 2% of BroadSoft Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -3.06%.During last six month period, the net percent change held by insiders has seen a change of -18.38%.

Shares of BroadSoft Inc (BSFT) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.07 points or -0.17% at $40.5 with 1,56,465 shares getting traded. Post opening the session at $40.97, the shares hit an intraday low of $40.43 and an intraday high of $41.4999 and the price vacillated in this range throughout the day. The company has a market cap of $1,180 M and the number of outstanding shares has been calculated to be 2,91,25,129 shares. The 52-week high of BroadSoft Inc is $42.06 and the 52-week low is $26.99.

BroadSoft Inc Money Flow Index Chart

BroadSoft Inc. is a provider of software and services that enable mobile fixed-line and cable service providers to deliver hosted cloud-based unified communications (UC) over their internet protocol (IP)- -based networks. The Company offers service providers two deployment options software and software-as-a-service (SaaS). Hosted UC enables the delivery of PBX features without the need for premise-based equipment. BroadWorks is the Company’s application server software offering. The Company’s second deployment option is BroadCloud SaaS offering. UC-One is a communications and collaboration offering that enables mobile fixed-line cable and converged service providers to offer businesses and other enterprises UC features and functionalities on a hosted basis. The key elements of the Company’s technology include SIP Call control Geographic redundancy Common OAMP platform Media resource framework Client technology IMS and VoLTE and Network Function Virtualization.

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