Support.com (SPRT) : Prescott General Partners has sold out all of its stake in Support.com during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 1,878,484 shares of Support.com which is valued at $1,671,851.
Other Hedge Funds, Including , Renaissance Technologies boosted its stake in SPRT in the latest quarter, The investment management firm added 299,500 additional shares and now holds a total of 2,046,100 shares of Support.com which is valued at $1,821,029.Bogle Investment Management L P De reduced its stake in SPRT by selling 8,850 shares or 24.76% in the most recent quarter. The Hedge Fund company now holds 26,900 shares of SPRT which is valued at $23,941.
Support.com opened for trading at $0.87 and hit $0.88 on the upside on Thursday, eventually ending the session at $0.88, with a gain of 2.33% or 0.02 points. The heightened volatility saw the trading volume jump to 54,288 shares. Company has a market cap of $49 M.
On the company’s financial health, Support.com reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.08. The company had revenue of $14.90 million for the quarter, compared to analysts expectations of $14.54 million. The company’s revenue was down -27.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.
Support.com Inc. (Support.com) is a provider of cloud-based software and services that enable technology support for a connected world. The Company offers outsourced support services for service providers retailers and technology companies. Its technology support services programs are designed for both the consumer and small business markets and include computer and mobile device set-up security and support virus and malware removal wireless network set-up and home security and automation system support. Its cloud-based offering Nexus is a SaaS solution for companies to support interactions with their customers using their own or third-party support personnel. It also offers end-user software products including tools and apps designed for most common technology issues including computer and mobile device maintenance optimization and security. Its brands include SUPPORT.COM PERSONAL TECHNOLOGY EXPERTS BUSINESS TECHNOLOGY EXPERTS and NEXUS.