Gary Weis (Insider Trades), CEO and CTO of Sonic Foundry Inc. (SOFO), bought 5,001 shares of the company on March 2. The average price per share was $5.92, for a total transaction of $29,606. The video creation and management company has a market cap of $26.27 million and a P/S ratio of 0.76.
The number of SOFO insider buys increased each year from 2013 to 2015. The volume of insider buys each year during this time, however, peaked in 2014 at 59,632 shares. It increased from 20,800 shares in 2013, but dropped to 41,832 shares in 2014. Aside from the transaction mentioned above, Weis made four other insider buys with SOFO totaling 10,874 shares since 2013. The increase in insider buys correlates to a decrease in month-end price. 
For more information about insider transactions with SOFO, click here.
The company reported net loss of $1.207 million in the three months ended on Dec. 31, 2015. Net loss increased from $1.032 million in the same period of the previous year. This corresponds to a loss per common share of 28 cents and 24 cents in the fourth quarter of 2015 and 2014, respectively. Total revenue increased from $3.374 million to $3.791 million when comparing these two periods of time. Annual revenue increase 11.5% since 2011, and annual net income follows an increasing trend line. 
Weis said that the company is pleased with “accelerations in billings…which was driven by improved international execution and (the company’s) uncontested market leadership in higher education.” The demand for enterprise video solutions continues to rise due to customers increasing their investment in Mediasite, “to power their strategic video communications initiatives, connect global workforces and drive organizational efficiencies.”
According to GuruFocus.com information, Sonic Foundry Inc. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Jim Simons (Trades, Portfolio) increased his stake in SOFO in the fourth quarter of 2015, acquiring 2,000 shares of the company at an average per share price of $6.69. Simons acquired stake in the company each quarter since the second quarter of 2013. The total estimated loss of the holding since the first quarter of 2011 is 44%. For more information about guru transactions with SOFO, click here.
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