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Qumu, Cinedigm, Bsquare and Top Image Systems also saw significant gains last week.

Sonic Foundry (NASDAQ:SOFO) was the NASDAQ’s top-gaining tech stock last week, with its share price increasing by 27.57 percent.
It was also a good week for Qumu (NASDAQ:QUMU), Cinedigm (NASDAQ:CIDM), Bsquare (NASDAQ:BSQR), and Top Image Systems (NASDAQ:TISA). Here’s a look at what moved the share prices of those companies last week.

Sonic Foundry

Sonic Foundry provides enterprise solutions and services for the web communications market, offering webcasting solutions and providing video content management for government, as well as the education and business sectors. Some of its products include Mediasite Enterprise Video Platform, Mediasite Cloud and Mediasite Capture Solutions.
On March 2, CEO Gary Weis made news by purchasing 5,001 shares of the company. Shares were acquired at an average price of $5.92 each for a total transaction value of $29,605.92. Weis now owns 70,557 shares of the company, and his position is currently valued at $417,697.44.

Qumu

Qumu might be a familiar name to weekly readers of this feature, as it has made the list of top NASDAQ tech stocks before. Last week, the company saw 24.94-percent growth in its share price.
The company is focused on enterprise video content management software, and provides the tools businesses need to create, manage, secure, deliver and measure videos. Its enterprise video content management software products are deployed mainly through the sale of software licenses, software-on-a-server appliances, software-enabled devices and cloud-based software-as-a-service platforms. Recently, Share Trading reported that two analysts have given Qumu an “outperform” rating.

Cinedigm

Also a familiar name for this feature, Cinedigm is a distributor and aggregator of independent movies, television and other short-form content. It operates in four segments: first digital cinema deployment, second digital cinema deployment, digital cinema services and media content and entertainment.
On February 16, the company announced that the NASDAQ Listing Qualifications Panel has granted its request for continued listing. Furthermore, it has accepted the company’s plan to regain compliance with the continued listing standards of the NASDAQ Global Market. That is contingent on Cinedigm evidencing compliance with the minimum $1 bid price requirement by June 7, 2016.
The way the last few weeks have gone, it appears as though the company will make these requirements. Last week, the company saw 18.43-percent growth in its share price.

Bsquare

With 17.45-percent growth last week, Bsquare takes the fourth-place spot on this list. The company provides software solutions and related engineering services to companies that develop connected systems.
For example, Bsquare resells software from Microsoft (NASDAQ:MSFT). The company focuses on connected systems that use various Microsoft Windows Embedded and Windows Mobile operating systems, as well as devices running other operating systems, like Linux and QNX. Primarily, the company targets original equipment manufacturers and original design manufacturers as customers.

Top Image Systems

Just under Bsquare, Top Image Systems saw 17.35-percent growth last week. The company develops and markets automated data capture solutions for managing and validating content gathered from customers, trading partners and employees. Its software improves business processes by integrating different types of data from multiple sources, regardless of source and format. The company also delivers the extracted data to applications.
While the company didn’t release any news last week that would explain the uptick in its share price, it intends to release its fiscal results for Q4 2015 on March 8.
 
Data for 5 Top NASDAQ Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $10 million and less than $100 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.
Securities Disclosure: I, Morag McGreevey, hold no direct investment interest in any company mentioned in this article.
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