Roop Lakkaraju (Insider Trades), executive vice president, CFO and COO of support.com Inc. (SPRT), bought 12,300 shares of the company on Aug. 4. The average price per share was $1.22, for a total transaction of $15,006. Support.com provides companies with Cloud-based software and services that enable technology support. The company’s market cap is 67.93 million, and P/S ratio is 0.75.
Lakkaraju bought a total of 15,300 shares of SPRT in four transactions since May 2014. His earliest trade with the company decreased about 30% since then. Elizabeth Cholawsky (Insider Trades), president and CEO of support.com, also bought 10,000 shares of the company on August 3, 2015. The average price per share was $1.23. This is Cholawsky’s only trade with the company. The volume of SPRT insider buys decreased from 39,692,564 shares in 2012, to 64,300 shares by August 2015. The number of insider buys increased from 5 to 7 during the same period of time. The volume of SPRT insider sells decreased from 139,487 shares in 2012, to 1,480,000 shares in the first two-thirds of 2015; the number of insider sells had the opposite effect, decreased from 7 to 1 within the same amount of time. 
For more information about insider transactions with support.com, click here.
Support.com reported a net loss of $15.604 million, or $0.29 per share in the second quarter of 2015, down from a net loss of $655,000 in the second quarter of the previous year. Revenue increased from $20.178 million in the second quarter of 2014, to $20.600 million in the second quarter of 2015. SPRT’s revenue increased 19.18% since 2010. SPRT Board of Directors authorized a repurchase of up to 2 million outstanding shares of common stock in April 2015, and the company repurchased 192,598 shares before the end of the second quarter of 2015. The company relies on a small number of partners, mainly Comcast (CMCSA, Financial) and Office Depot (ODP, Financial), for revenue. These two companies alone account for 10% or more of SPRT’s total revenue for the six months leading up to June 30, 2015. According to GuruFocus.com information, the support.com has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Two gurus traded with the company in the first quarter of 2015, and none in the second quarter. Jim Simons (Trades, Portfolio) (Trades, Portfolio) of Renaissance Technologies LLC, increased his holding in SPRT by 38.92% by adding 164,299 shares of the company in the first quarter of 2015. The average price per share was $1.81. The estimated gain of this holding is 11% since the first quarter of 2010. Chuck Royce (Trades, Portfolio) (Trades, Portfolio) of Royce & Associates LLC, decreased his stake in SPRT by selling 272,800 shares at an average price of $1.81 per share. The total estimated gain of this holding is -46% since the third quarter of 2010. For more information about guru transactions with SPRT, click here.
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