Bazaarvoice, Inc. (NASDAQ:BV) has been the object of insider buying activity recently. Michael Paulson, EVP, Product acquired $14,970 worth of shares at an average price of $4.99 on Wed the 21st. That brings Paulson’s holdings to $1,250,744 as recorded in a recent Form 4 SEC filing. Director Jeff Hawn purchased 2,177 shares at a price of $4.58 on September 13th. Hawn now owns $386,973 of stock per an SEC filing yesterday.
Elizabeth Ritzcovan, Chief Revenue Officer purchased $783 worth of shares at an average price of $3.13 on Tue the 12th. The Chief Revenue Officer now owns $392,033 of the stock as reported to the SEC.
These firms have also modified their investment in BV. Royal Bank Of Canada downsized its position by shedding 7,310 shares a decrease of 47.1%. Royal Bank Of Canada now controls 8,200 shares with a value of $33,000. The value of the position overall is down by 32.7%. Schwab Charles Investment Management Inc augmented its stake by buying 6,417 shares an increase of 3.2% from 12/31/2015 to 06/30/2016. Schwab Charles Investment Management Inc currently owns 209,726 shares worth $842,000. The total value of its holdings decreased 5.5%.
B. Riley Financial, Inc. cut its holdings by selling 1,952 shares a decrease of 3.1% in the quarter. B. Riley Financial, Inc. claims 61,054 shares valued at $245,000. The value of the position overall is up by 23.7%. Metropolitan Life Insurance Co/ny added to its ownership by buying 16,730 shares an increase of 41.7% as of 06/30/2016. Metropolitan Life Insurance Co/ny owns 56,847 shares with a value of $228,000. The total value of its holdings increased 81.0%.
March 2 investment analysts at Credit Suisse kept the company rating at “Outperform” and moved down the price target from $9.00 to $5.00. Equity analyst Morgan Stanley lowered the price target and downgraded the stock on September 2 changing the price objective from $9.00 to $6.00 and setting the rating at “Equal-weight” which had previously been “Overweight”.
On September 2 the company was downgraded to “Equal-weight” from “Overweight” with a current price target of $6.00 by Morgan Stanley. On September 1 Deutsche Bank maintained a company rating of “Hold” but lowered the price expectation to $6.00 from $10.00.
On June 11 the stock rating was downgraded from “Overweight” to “Sector Weight” by analysts at Pacific Crest. On June 11 Credit Suisse held the stock rating at “Outperform” and lowered the price target to $9.00 from $10.00.
The company is so far trading up by 0.18% since yesterday’s close of $5.68. Shares are trading at $5.69 which is marginally higher than $4.46, the stock’s 50 day moving average and just above the 200 day moving average of $3.85. The 50 day moving average was up by +27.48% and the 200 day average moved up $1.84.
Investors are more bearish of late at least if you consider the increase in short interest. The company recorded a rise in short interest between August 31, 2016 and September 15, 2016 of 0.01%. Short shares grew from 1,347,696 to 1,365,247 over that period. Days to cover decreased -3.5 to 1.7 and the percentage of shorted shares is 0.02% as of September 15.