General Atlantic Exits Position in Bazaarvoice Inc (BV)

Bazaarvoice Inc (BV) : General Atlantic has sold out all of its stake in Bazaarvoice Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 1,708,252 shares of Bazaarvoice Inc which is valued at $8,199,610.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in BV by selling 25,833 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 585,232 shares of BV which is valued at $2,867,637. Bazaarvoice Inc makes up approx 0.01% of D. E. Shaw’s portfolio.Acrospire Investment Management boosted its stake in BV in the latest quarter, The investment management firm added 7,160 additional shares and now holds a total of 16,962 shares of Bazaarvoice Inc which is valued at $80,570. Bazaarvoice Inc makes up approx 0.06% of Acrospire Investment Management’s portfolio.Geode Capital Management boosted its stake in BV in the latest quarter, The investment management firm added 249,301 additional shares and now holds a total of 697,885 shares of Bazaarvoice Inc which is valued at $3,314,954.Blackrock Fund Advisors boosted its stake in BV in the latest quarter, The investment management firm added 187,379 additional shares and now holds a total of 2,295,998 shares of Bazaarvoice Inc which is valued at $10,905,991.New York State Common Retirement Fund boosted its stake in BV in the latest quarter, The investment management firm added 329,175 additional shares and now holds a total of 413,275 shares of Bazaarvoice Inc which is valued at $1,963,056.

Bazaarvoice Inc opened for trading at $4.85 and hit $4.9 on the upside on Monday, eventually ending the session at $4.9, with a gain of 2.08% or 0.1 points. The heightened volatility saw the trading volume jump to 5,47,160 shares. Company has a market cap of $406 M.

On the company’s financial health, Bazaarvoice Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jun 2, 2016. Analyst had a consensus of $-0.04. The company had revenue of $50.71 million for the quarter, compared to analysts expectations of $48.87 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Bazaarvoice Inc. is a network that connects brands and retailers to the authentic voices of people where they shop. The Company’s technology platform collects and displays ratings and reviews questions and answers and stories from customers along with visual commerce capabilities that collectively amplify the voices of the consumers into the shopping. The Company’s platforms and solutions include Bazaarvoice Conversations Platform which provides capabilities to capture manage and display online consumer-generated content; Bazaarvoice Connections Solutions which offers network syndication and brand engagement solutions; Bazaarvoice Local which helps clients gather and promote reviews of local service affiliates; Bazaarvoice Curations which pulls in content from across a range of social platforms including Instagram Facebook and Twitter and Bazaarvoice Media which sells advertising on behalf of retailers thereby helping brands and agencies market to shopper audiences.

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