Insider Trade: Smith Micro Software CFO Buys 40,000 Shares

Jim Simons also increased his stake during the second quarter

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Nov 07, 2015
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Steven Yasbek (Insider Trades), vice president and CFO of Smith Micro Software Inc. (SMSI), bought 40,000 shares of the company on Nov. 4. The average price per share was 85 cents, for a total transaction cost of $34,000. Smith Micro Software provides software solutions to simplify and enhance the mobile experience that specializes in wireless connectivity. The company's market cap is $36.88 million and the P/S ratio is 0.98.

There were no insider buys from 2012 to 2014, and Yasbek made the sole insider buy with the company in 2015. Insider sells of SMSI increased from two transactions of 10,000 shares in 2013, to 12 transactions of 402,301 shares in 2014. This number did not continue to rise into the following year; there were only three insider sells of SMSI totaling 48,577 shares in 2015. Yasbek sold 106,910 shares of the company in five transactions since November 2010. Though the month-end price for the company decreased by approximately 70% from 2012 to 2015, the number and volume of insider buys did not decrease by the same factor. 02May2017190155.png 02May2017190156.png For more information about insider trades with SMSI, click here.

The company reported revenue of $9.586 million in the third quarter of 2015, up from $9.448 million in the corresponding quarter of the previous year. SMSI also reported a net loss of $770,000, or 2 cents per share in the third quarter of 2015, compared to a net loss of $1.143 million, or 3 cents per share in the third quarter of 2014. Annual revenue for SMSI follows an increasing growth trendline, while annual net profit follows a decreasing growth trendline. 02May2017190156.png 02May2017190157.png The company’s gross profit increased by 12.3% from 1995 to 2015. 02May2017190157.png

According to GuruFocus.com information, SMSI has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.

Two gurus traded in SMSI during the second quarter of 2015. Jim Simons (Trades, Portfolio) increased his stake in the company by 8.71%, buying 53,500 shares at an average per share price of $1.25. On the other hand, Chuck Royce (Trades, Portfolio) reduced his stake in the company by 28.75%, selling 493,949 shares. Both holdings have a total estimated loss of 72% and 74%. For more information about guru transactions with SMSI, click here.

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