Insider Selling: Smith Micro Software CFO Unloads 25,000 Shares of Stock (SMSI)
Smith Micro Software (NASDAQ:SMSI) CFO Andrew C. Schmidt unloaded 25,000 shares of Smith Micro Software stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $1.15, for a total value of $28,750.00. Following the sale, the chief financial officer now directly owns 345,346 shares in the company, valued at approximately $397,148. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Smith Micro Software (NASDAQ:SMSI) traded down 4.46% during mid-day trading on Thursday, hitting $1.07. The stock had a trading volume of 210,724 shares. Smith Micro Software has a 52 week low of $0.66 and a 52 week high of $2.69. The stock has a 50-day moving average of $0.92 and a 200-day moving average of $1.48. The company’s market cap is $41.3 million.
Smith Micro Software (NASDAQ:SMSI) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.02. The company had revenue of $8.40 million for the quarter, compared to the consensus estimate of $9.79 million. On average, analysts predict that Smith Micro Software will post $-0.12 earnings per share for the current fiscal year.
Smith Micro Software, Inc (NASDAQ:SMSI) designs, develops and markets software products and services for the mobile computing and communications industries.
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