Wolverine Trading LLC grew its stake in shares of Servicesource International Inc (NASDAQ:SREV) by 45.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,855 shares of the technology company’s stock after purchasing an additional 21,275 shares during the quarter. Wolverine Trading LLC owned approximately 0.08% of Servicesource International worth $235,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. PEAK6 Investments L.P. acquired a new stake in Servicesource International during the third quarter worth approximately $105,000. JPMorgan Chase & Co. acquired a new position in shares of Servicesource International in the 3rd quarter valued at $139,000. Voya Investment Management LLC increased its holdings in shares of Servicesource International by 22.7% in the 2nd quarter. Voya Investment Management LLC now owns 36,641 shares of the technology company’s stock valued at $142,000 after acquiring an additional 6,789 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Servicesource International by 30.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 39,467 shares of the technology company’s stock valued at $153,000 after acquiring an additional 9,284 shares during the period. Finally, OxFORD Asset Management LLP increased its holdings in shares of Servicesource International by 106.3% in the 2nd quarter. OxFORD Asset Management LLP now owns 40,684 shares of the technology company’s stock valued at $158,000 after acquiring an additional 20,966 shares during the period. 68.49% of the stock is currently owned by institutional investors.
Servicesource International Inc (SREV) opened at $2.96 on Tuesday. Servicesource International Inc has a 1-year low of $2.61 and a 1-year high of $6.10.
SREV has been the topic of a number of recent research reports. BidaskClub cut shares of Servicesource International from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Northland Securities reaffirmed a “hold” rating and issued a $5.25 target price on shares of Servicesource International in a report on Friday, October 6th. Finally, Zacks Investment Research raised shares of Servicesource International from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Thursday, October 19th.
In other news, CEO Christopher Carrington acquired 33,900 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were bought at an average cost of $2.95 per share, with a total value of $100,005.00. Following the purchase, the chief executive officer now owns 853,202 shares of the company’s stock, valued at approximately $2,516,945.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 17.90% of the company’s stock.
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Servicesource International Profile
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).
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