Broadsoft, Inc. (BSFT) Files Form 4 Insider Selling : Dennis Dourgarian Sells 2,802 Shares

Broadsoft, Inc. (BSFT): Dennis Dourgarian , Chief Accounting Officer of Broadsoft, Inc. sold 2,802 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $45.65 per share for a total value of $127,911.30 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 6, 2016, James Albert Tholen (Chief Financial Officer) sold 11,123 shares at $45.68 per share price.On Aug 11, 2016, Michael Tessler (President & CEO) sold 7,149 shares at $42.75 per share price.Also, On Jun 17, 2016, Dennis Dourgarian (Chief Accounting Officer) sold 4,843 shares at $42.53 per share price.On May 10, 2016, Taher G. Behbehani (Chief Marketing Officer) sold 1,955 shares at $39.14 per share price.

BroadSoft Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in BroadSoft Inc which led to swings in the share price. The shares opened for trading at $45.15 and hit $46.37 on the upside , eventually ending the session at $45.83, with a gain of 1.78% or 0.8 points. The heightened volatility saw the trading volume jump to 308,962 shares. The 52-week high of the share price is $48.01 and the company has a market cap of $1,366 M . The 52-week low of the share price is at $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 $ 50 from a previous price target of $47 .The Rating was issued on Aug 2, 2016.BroadSoft Inc is Reiterated by Jefferies to Buy and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $48 .The Rating was issued on Aug 2, 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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