William Smith Jr Sells 36,597 Shares of Smith Micro Software (NASDAQ:SMSI) Stock

Smith Micro Software, Inc. (NASDAQ:SMSI) CEO William Smith, Jr. sold 36,597 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $0.58, for a total value of $21,226.26. Following the completion of the transaction, the chief executive officer owned 5,517,674 shares in the company, valued at $3,200,250.92. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Smith Micro Software Stock Up 3.1%

SMSI stock traded up $0.02 during midday trading on Thursday, reaching $0.61. The stock had a trading volume of 115,905 shares, compared to its average volume of 317,359. The firm has a market cap of $13.19 million, a price-to-earnings ratio of -0.39 and a beta of 0.61. The business has a fifty day simple moving average of $0.68 and a two-hundred day simple moving average of $0.76. Smith Micro Software, Inc. has a twelve month low of $0.57 and a twelve month high of $1.95.

Smith Micro Software (NASDAQ:SMSI) last issued its earnings results on Wednesday, November 5th. The software maker reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). The firm had revenue of $4.35 million during the quarter, compared to the consensus estimate of $4.75 million. Smith Micro Software had a negative net margin of 158.88% and a negative return on equity of 44.44%. On average, equities analysts predict that Smith Micro Software, Inc. will post -1.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Smith Micro Software

An institutional investor recently raised its position in Smith Micro Software stock. Susquehanna International Group LLP lifted its position in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) by 109.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,780 shares of the software maker’s stock after purchasing an additional 22,335 shares during the period. Susquehanna International Group LLP owned 0.20% of Smith Micro Software worth $31,000 as of its most recent filing with the Securities and Exchange Commission. 20.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Smith Micro Software in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About Smith Micro Software

Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.