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Smith Micro Software (NASDAQ:SMSI) CFO Andrew C. Schmidt sold 12,172 shares of the stock on the open market in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $1.25, for a total value of $15,215.00. Following the completion of the transaction, the chief financial officer now directly owns 333,174 shares in the company, valued at approximately $416,468. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at HC Wainwright initiated coverage on shares of Smith Micro Software in a research note on Friday, July 18th. They set a “neutral” rating on the stock.

Shares of Smith Micro Software (NASDAQ:SMSI) opened at 1.14 on Friday. Smith Micro Software has a 1-year low of $0.66 and a 1-year high of $2.69. The stock has a 50-day moving average of $0.99 and a 200-day moving average of $1.45. The company’s market cap is $44.0 million.

Smith Micro Software (NASDAQ:SMSI) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the 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. Analysts expect that Smith Micro Software will post $-0.12 EPS 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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