Insider Selling: Andrew C. Schmidt Sells 1,375 Shares of Smith Micro Software Stock (SMSI)
Smith Micro Software (NASDAQ:SMSI) CFO Andrew C. Schmidt unloaded 1,375 shares of the stock on the open market in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $1.15, for a total transaction of $1,581.25. Following the transaction, the chief financial officer now directly owns 345,346 shares in the company, valued at approximately $397,148. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Smith Micro Software (NASDAQ:SMSI) traded up 2.70% during mid-day trading on Monday, hitting $1.027. 34,605 shares of the company’s stock traded hands. Smith Micro Software has a 52-week low of $0.66 and a 52-week high of $2.69. The stock’s 50-day moving average is $0.92 and its 200-day moving average is $1.4. The company’s market cap is $39.6 million.
Smith Micro Software (NASDAQ:SMSI) last released its 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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