In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Servicesource International Inc. (NASDAQ:SREV) reported that Anson Funds Management Lp. has picked up 1,315,000 of common stock as of 2017-02-17.
The acquisition brings the aggregate amount owned by Anson Funds Management Lp. to a total of 1,315,000 representing a 8.8% stake in the company.
For those not familiar with the company, ServiceSource International, Inc. (ServiceSource) is a provider of customer and revenue lifecycle solutions that improve enterprise revenue relationships. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI). Based on the science of Revenue Lifecycle Management (RLM), the Company provides business to business (B2B) companies with technology-enabled services and solutions that allow growing and retaining revenue from existing customers, directly or through a channel. Its solutions are based on solutions in the Revenue Lifecycle category. The components of its cloud solution consist of a suite of managed services and cloud technologies, and include ServiceSource Revenue Analytics, Renew OnDemand and ServiceSource Customer Success. Its managed services include renewal selling services, up-sell and cross-sell services, enablement and quoting services, warranty services, customer success services and onboarding services.
A glance at Servicesource International Inc. (NASDAQ:SREV)’s key stats reveals a current market capitalization of 502.46 million based on 86.93 million shares outstanding and a price at last close of $5.83 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-11-17, Carrington picked up 19,980 at a purchase price of $4.97. This brings their total holding to 592,514 as of the date of the filing.
On the sell side, the most recent transaction saw Mendoza unload 20,000 shares at a sale price of $5.90. This brings their total holding to 150,545.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Servicesource International Inc. (NASDAQ:SREV) as things move forward to see if its progress aligns with these transactions.
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