Insider Selling: BroadSoft Inc (BSFT) Insider Sells 4,448 Shares of Stock

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.

Several equities research analysts recently weighed in on BSFT shares. Needham & Company LLC lowered BroadSoft from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered BroadSoft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. William Blair reissued an “outperform” rating on shares of BroadSoft in a report on Thursday, October 5th. Cowen lowered BroadSoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Finally, BidaskClub lowered BroadSoft from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. One 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 a consensus price target of $50.40.

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.

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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.

Insider Buying and Selling by Quarter for BroadSoft (NASDAQ:BSFT)

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