Sonic Foundry Inc. (NASDAQ:SOFO) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sonic Foundry Inc. (NASDAQ:SOFO) reported that Burish Mark D has picked up 551,685 of common stock as of 2017-06-05.

The acquisition brings the aggregate amount owned by Burish Mark D to a total of 551,685 representing less than 11.9% stake in the company.

For those not familiar with the company, Sonic Foundry, Inc. is engaged in the business of providing enterprise solutions and services for the Web communications market. The Company is engaged in offering video capture, management and Webcasting solutions in education, business and government. Using its Mediasite Webcasting platform and Webcast services of the Company’s events team, the Company allows its customers to share knowledge online, using video Webcasts to bridge time and distance, and develop learning outcomes. The Company offers video solutions, including Mediasite Video Platform, Mediasite Video Cloud, Mediasite Capture Solutions, Mediasite Events, Mediasite Services and Mediasite Customer Assurance. The Company’s Mediasite Services include Advanced Integration Services, Installation Services and Training Services. It offers solutions for higher education, corporate enterprises, health-related enterprises and government agencies.

A glance at Sonic Foundry Inc. (NASDAQ:SOFO)’s key stats reveals a current market capitalization of 18.64 Million based on 4.45 Million shares outstanding and a price at last close of $4.12 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-15, Weis picked up 3,000 at a purchase price of $5.15. This brings their total   holding to 85,874 as of the date of the filing.

On the sell side, the most recent transaction saw Buinevicius unload 970 shares at a sale price of $13.03. This brings their total holding to 134,240.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Sonic Foundry Inc. (NASDAQ:SOFO) as things move forward to see if its progress aligns with these transactions.

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