BroadSoft Inc (NASDAQ:BSFT) insider Scott D. Hoffpauir sold 4,448 shares of BroadSoft stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $54.96, for a total value of $244,462.08. Following the completion of the sale, the insider now directly owns 77,991 shares of the company’s stock, valued at approximately $4,286,385.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of BroadSoft Inc (BSFT) remained flat at $$55.00 during midday trading on Friday. The stock had a trading volume of 431,428 shares, compared to its average volume of 601,609. BroadSoft Inc has a 52 week low of $33.85 and a 52 week high of $55.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.64 and a current ratio of 2.64. The firm has a market cap of $1,747.68, a P/E ratio of -152.78, a P/E/G ratio of 3.55 and a beta of 0.93.
BroadSoft (NASDAQ:BSFT) last issued its earnings results on Monday, November 6th. The software maker reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.06. BroadSoft had a positive return on equity of 3.78% and a negative net margin of 2.86%. sell-side analysts predict that BroadSoft Inc will post 0.8 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Capital Management Holdings LLC. bought a new position in BroadSoft in the 3rd quarter worth about $130,000. Eqis Capital Management Inc. bought a new position in BroadSoft in the 3rd quarter worth about $208,000. Dynamic Technology Lab Private Ltd bought a new position in BroadSoft in the 3rd quarter worth about $387,000. Ramsey Quantitative Systems bought a new position in BroadSoft in the 2nd quarter worth about $349,000. Finally, Legal & General Group Plc boosted its stake in BroadSoft by 35.0% in the 2nd quarter. Legal & General Group Plc now owns 9,506 shares of the software maker’s stock worth $409,000 after purchasing an additional 2,465 shares during the period.
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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