BroadSoft Inc (NASDAQ:BSFT) insider Scott D. Hoffpauir sold 4,448 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $54.66, for a total value of $243,127.68. Following the completion of the sale, the insider now owns 83,945 shares of the company’s stock, valued at approximately $4,588,433.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
BroadSoft Inc (NASDAQ BSFT) traded down $0.05 on Friday, hitting $54.85. 451,356 shares of the company traded hands, compared to its average volume of 815,542. The firm has a market cap of $1,744.50, a P/E ratio of 156.86, a PEG ratio of 3.54 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.64 and a current ratio of 2.64. BroadSoft Inc has a 52-week low of $33.85 and a 52-week high of $55.05.
A number of equities analysts recently commented on the stock. Cowen downgraded shares of BroadSoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. BidaskClub downgraded BroadSoft from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Zacks Investment Research downgraded BroadSoft from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Dougherty & Co lowered shares of BroadSoft from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. Finally, Raymond James Financial reissued an “outperform” rating and set a $55.00 price objective on shares of BroadSoft in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $50.40.
A number of hedge funds have recently added to or reduced their stakes in BSFT. Dimensional Fund Advisors LP raised its holdings in BroadSoft by 198.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 31,316 shares of the software maker’s stock valued at $1,259,000 after acquiring an additional 20,829 shares during the last quarter. US Bancorp DE increased its holdings in shares of 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 buying an additional 579 shares during the last quarter. Sei Investments Co. increased its holdings in shares of BroadSoft by 1.1% during the 2nd quarter. Sei Investments Co. now owns 36,486 shares of the software maker’s stock worth $1,571,000 after buying an additional 410 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of BroadSoft by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 35,386 shares of the software maker’s stock worth $1,523,000 after buying an additional 894 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of BroadSoft by 35.0% during the 2nd quarter. Legal & General Group Plc now owns 9,506 shares of the software maker’s stock worth $409,000 after buying an additional 2,465 shares during the last quarter.
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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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