Potrero Capital Research buys $4.3 Million stake in Jive Software Inc (JIVE)

Jive Software Inc (JIVE) : Potrero Capital Research scooped up 10,000 additional shares in Jive Software Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,149,984 shares of Jive Software Inc which is valued at $4.3 Million.Jive Software Inc makes up approximately 4.02% of Potrero Capital Research’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in JIVE in the latest quarter, The investment management firm added 1,343 additional shares and now holds a total of 5,116 shares of Jive Software Inc which is valued at $19,338.Schwab Charles Investment Management Inc boosted its stake in JIVE in the latest quarter, The investment management firm added 2,601 additional shares and now holds a total of 172,828 shares of Jive Software Inc which is valued at $677,486.Swiss National Bank boosted its stake in JIVE in the latest quarter, The investment management firm added 12,786 additional shares and now holds a total of 84,986 shares of Jive Software Inc which is valued at $333,145.

Jive Software Inc opened for trading at $3.75 and hit $3.84 on the upside on Monday, eventually ending the session at $3.79, with a gain of 0.26% or 0.01 points. The heightened volatility saw the trading volume jump to 1,82,331 shares. Company has a market cap of $290 M.

On the company’s financial health, Jive Software Inc reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 10, 2016. Analyst had a consensus of $-0.07. The company had revenue of $50.70 million for the quarter, compared to analysts expectations of $50.00 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Jive Software Inc. (Jive) provides a social business platform. The Company delivers products that allow companies to connect communicate and collaborate with employees customers and partners. The Jive Platform product offerings are delivered in two key configurations Jive Internal (Jive-n) for employee networks and Jive External (Jive-x) as a platform for public communities. These products can be expanded by adding optional modules as well as connectors into existing enterprise systems and applications. The Company’s Jive Platform products can also be extended to integrate cloud and customer-built applications through published application programming interfaces (APIs). The Jive Platform is a communication and collaboration hub bringing together information and conversations from many different systems. In addition to the many integrations included with the Jive Platform Jive provides capabilities for integrating its platform with other systems.

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