Sonic Foundry Inc. (SOFO) CEO Gary Weis buys 6,110 Shares

CEO of Sonic Foundry Inc. (SOFO) Gary Weis buys 6,110 shares of SOFO on 12/01/2011 at an average price of $7.65 a share.

Sonic Foundry Inc. has a market cap of $27.6 million; its shares were traded at around $7.25 with a P/E ratio of 103.5 and P/S ratio of 1.1.

This is the annual revenues and earnings per share of SOFO over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of SOFO.

CEO Recent Trades:

• CEO Gary Weis bought 1,421 shares of SOFO stock on 08/22/2011 at the average price of 11.49. Gary Weis owns at least 9,400 shares after this. The price of the stock has decreased by 36.9% since.
• CEO Gary Weis bought 3,039 shares of SOFO stock on 08/09/2011 at the average price of 11.98. Gary Weis owns at least 7,979 shares after this. The price of the stock has decreased by 39.48% since.
• CEO Gary Weis bought 140 shares of SOFO stock on 06/15/2011 at the average price of 12.75. Gary Weis owns at least 4,940 shares after this. The price of the stock has decreased by 43.14% since.

CFO Recent Trades:

• CFO Kenneth A Minor bought 3,750 shares of SOFO stock on 11/23/2011 at the average price of 7.36. Kenneth A Minor owns at least 17,149 shares after this. The price of the stock has decreased by 1.49% since.

This is the insider trade history vs. stock price of SOFO. For the complete insider trading history of SOFO, click here.

Directors and Officers Recent Trades:

• Director Mark D Burish bought 6,000 shares of SOFO stock on 11/23/2011 at the average price of 7.34. Mark D Burish owns at least 189,994 shares after this. The price of the stock has decreased by 1.23% since.
• Director Mark D Burish bought 10,000 shares of SOFO stock on 08/05/2011 at the average price of 12.4. Mark D Burish owns at least 134,994 shares after this. The price of the stock has decreased by 41.53% since.
• Chairman & Strategy Officer Rimas Buinevicius sold 970 shares of SOFO stock on 08/02/2011 at the average price of 13.03. Rimas Buinevicius owns at least 150,245 shares after this. The price of the stock has decreased by 44.36% since.
• Chairman & Strategy Officer Rimas Buinevicius sold 3,730 shares of SOFO stock on 08/01/2011 at the average price of 13.01. Rimas Buinevicius owns at least 150,245 shares after this. The price of the stock has decreased by 44.27% since.
• Chairman & Strategy Officer Rimas Buinevicius sold 1,000 shares of SOFO stock on 07/14/2011 at the average price of 13.12. Rimas Buinevicius owns at least 150,245 shares after this. The price of the stock has decreased by 44.74% since.

For the complete insider trading history of SOFO, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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