Broadsoft, Inc. (BSFT) Files Form 4 Insider Selling : Michael Tessler Sells 7,863 Shares

Broadsoft, Inc. (BSFT): Michael Tessler , President & CEO of Broadsoft, Inc. sold 7,863 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $42.16 per share for a total value of $331,504.09 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, James Albert Tholen (Chief Financial Officer) sold 24,566 shares at $43.90 per share price.On May 10, 2016, Taher G. Behbehani (Chief Marketing Officer) sold 1,955 shares at $39.14 per share price.Also, On Apr 20, 2016, Michael Tessler (President & CEO) sold 9,718 shares at $40.21 per share price.On Apr 12, 2016, John D. Jr. Markley (director) sold 2,000 shares at $40.79 per share price.

Shares of BroadSoft Inc (BSFT) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.53 points or -1.24% at $42.18 with 2,47,611 shares getting traded. Post opening the session at $42.18, the shares hit an intraday low of $41.851 and an intraday high of $42.4 and the price vacillated in this range throughout the day. The company has a market cap of $1,237 M and the number of outstanding shares has been calculated to be 2,93,15,872 shares. The 52-week high of BroadSoft Inc is $44.49 and the 52-week low is $26.99.

BroadSoft Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.BroadSoft Inc is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $45 .The Rating was issued on Apr 29, 2016.

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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