Constantinos Christofilis, Archon Capital Management Boost Stakes In iCAD Inc (ICAD) and Procera Networks Inc (PKT)

In a series of recent filings with the Securities and Exchange Commission, Archon Capital Management has disclosed an increase in its holding of iCAD Inc (NASDAQ:ICAD) and Procera Networks Inc (NASDAQ:PKT) stocks. The fund’s manager, Constantinos J. Christofilis has added approximately 385,000 shares of iCAD to the equity portfolio, taking the position to 983,800 shares which account for 7.14% of the company’s common stock. In another move, Christofilis has increased his fund’s stake in Procera Networks, taking it to 2.02 million shares or 9.78% of the total number of shares outstanding.

iCAD Inc (NASDAQ:ICAD)

Jim Simons is also a fan of iCAD Inc (NASDAQ:ICAD), having increased his fund’s holding of the stock by 28% during the last quarter of 2013. In its latest 13F filing, Renaissance Technologies reported ownership of approximately 347,100 shares. Andy Redleaf, the manager of Whitebox Advisors, has, on the other hand, reduced his fund’s exposure to this stock, taking it to approximately 111,300 shares.

A provider of software and services for healthcare professionals, iCAD Inc (NASDAQ:ICAD) has a market cap of $113 million. So far in 2014, the stock has depreciated by approximately 30% and is currently trending down. The company posted $9.13 million in revenues and a loss of $0.41 per share. Analysts estimate $7.95 million in revenues and a loss per share of $0.41.

Procera Networks

Procera Networks Inc (NASDAQ:PKT) stock has been trending down since July 2012 and has fallen 39% so far this year. With a current share price of $9.10, the company is valued at approximately $188 million. Procera Networks provides policy enforcement solutions for mobile and broadband network operators and has reported revenues of $21.3 million and a loss per share of $0.16, for the last quarter of 2013. 2014 first quarter is expected to bring $15.3 million in revenues and a loss per share of $0.12. The stock is mainly touted as a Buy.

Chuck Royce also likes Procera Networks Inc (NASDAQ:PKT) and has increased his investment in the stock during the fourth quarter of 2013. His fund, Royce & Associates, holds approximately 261,500 shares, according to its latest 13F report. Mark Broach is also keeping an eye on this stock with his fund, Manatuck Hill Partners, holding 478,000 shares in its latest 13F filing.

Christofilis is a big fan of 8×8, Inc. (NASDAQ:EGHT) and has built an important position, which accounts for approximately 12% of his fund’s equity portfolio. In its latest 13F filing, Archon Capital has reported ownership of 3.03 million shares. The fund has also revealed a massive, 629% increase in its holding of Rackspace Hosting, Inc.(NYSE:RAX) during the 2013 fourth quarter and it now holds 574,600 shares. Christofilis is also optimistic about the potential of Incontact Inc ,(NASDAQ:SAAS), having increased his stake by 69% to 3.07 million shares.

Disclosure: none.

Recommended reading:

Carl Wiese, GROW Partners Up Their Stake in iCAD Inc (ICAD)

George Soros Further Reduces Stake In Exar Corporation (EXAR)

Ralph V. Whitworth Is Betting Big On Clean Harbors Inc (CLH)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!