Sonim Technologies, Inc. (NASDAQ:SONM) CFO Purchases $58,956.00 in Stock

Sonim Technologies, Inc. (NASDAQ:SONM) CFO Clayton Crolius bought 86,700 shares of the business’s stock in a transaction on Friday, September 15th. The stock was acquired at an average cost of $0.68 per share, for a total transaction of $58,956.00. Following the acquisition, the chief financial officer now directly owns 86,700 shares of the company’s stock, valued at $58,956. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sonim Technologies Stock Performance

NASDAQ SONM traded down $0.05 during trading hours on Monday, reaching $0.62. The company’s stock had a trading volume of 52,911 shares, compared to its average volume of 280,674. The business has a 50-day simple moving average of $0.75 and a 200 day simple moving average of $0.90. Sonim Technologies, Inc. has a 52 week low of $0.40 and a 52 week high of $1.30.

Sonim Technologies (NASDAQ:SONM) last issued its earnings results on Monday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Sonim Technologies had a negative net margin of 1.97% and a negative return on equity of 9.22%. The firm had revenue of $26.84 million for the quarter.

Hedge Funds Weigh In On Sonim Technologies

A number of large investors have recently bought and sold shares of the business. Sicart Associates LLC lifted its holdings in Sonim Technologies by 10.5% in the second quarter. Sicart Associates LLC now owns 221,000 shares of the company’s stock worth $254,000 after acquiring an additional 21,000 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Sonim Technologies in the first quarter valued at approximately $189,000. Renaissance Technologies LLC acquired a new stake in shares of Sonim Technologies in the third quarter valued at approximately $103,000. Geode Capital Management LLC increased its stake in shares of Sonim Technologies by 126.0% in the second quarter. Geode Capital Management LLC now owns 167,420 shares of the company’s stock valued at $193,000 after purchasing an additional 93,343 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Sonim Technologies by 282.4% in the fourth quarter. Millennium Management LLC now owns 155,171 shares of the company’s stock valued at $66,000 after purchasing an additional 114,589 shares during the period. Institutional investors own 5.12% of the company’s stock.

About Sonim Technologies

Sonim Technologies, Inc provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP10, Sonim XP5plus, Sonim XP3plus based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; and cloud-based software and application services.