Do Hedge Funds and Insiders Love LogMeIn Inc (NASDAQ:LOGM)?

Is Love LogMeIn Inc (NASDAQ:LOGM) a splendid investment now? The best stock pickers are taking a pessimistic view. The number of long hedge fund bets were cut by 1 lately.

In the 21st century investor’s toolkit, there are plenty of gauges market participants can use to monitor publicly traded companies. A duo of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best hedge fund managers can beat the broader indices by a very impressive margin (see just how much).

SAC CAPITAL ADVISORSEqually as integral, bullish insider trading sentiment is another way to parse down the world of equities. As the old adage goes: there are lots of reasons for a bullish insider to sell shares of his or her company, but just one, very obvious reason why they would behave bullishly. Various empirical studies have demonstrated the useful potential of this strategy if “monkeys” know what to do (learn more here).

Now, it’s important to take a gander at the latest action regarding LogMeIn Inc (NASDAQ:LOGM).

How have hedgies been trading LogMeIn Inc (NASDAQ:LOGM)?

At year’s end, a total of 12 of the hedge funds we track were long in this stock, a change of -8% from the previous quarter. With the smart money’s capital changing hands, there exists a select group of key hedge fund managers who were increasing their holdings significantly.

According to our comprehensive database, Eric Bannasch’s Cadian Capital had the most valuable position in LogMeIn Inc (NASDAQ:LOGM), worth close to $69 million, accounting for 2.2% of its total 13F portfolio. Coming in second is D. E. Shaw of D E Shaw, with a $16 million position; 0% of its 13F portfolio is allocated to the company. Some other hedge funds that are bullish include Steven Cohen’s SAC Capital Advisors, Joseph A. Jolson’s Harvest Capital Strategies and George Soros’s Soros Fund Management.

Judging by the fact that LogMeIn Inc (NASDAQ:LOGM) has witnessed declining sentiment from the aggregate hedge fund industry, logic holds that there exists a select few fund managers who sold off their full holdings heading into 2013. Interestingly, Scott Burney’s Bluefin Investment Management dumped the largest stake of the “upper crust” of funds we monitor, valued at close to $8 million in stock.. Peter Rathjens, Bruce Clarke and John Campbell’s fund, Arrowstreet Capital, also dropped its stock, about $1 million worth. These moves are intriguing to say the least, as total hedge fund interest was cut by 1 funds heading into 2013.

Insider trading activity in LogMeIn Inc (NASDAQ:LOGM)

Insider purchases made by high-level executives is at its handiest when the company in question has seen transactions within the past six months. Over the latest 180-day time period, LogMeIn Inc (NASDAQ:LOGM) has seen 2 unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

With the returns shown by the aforementioned time-tested strategies, retail investors should always monitor hedge fund and insider trading activity, and LogMeIn Inc (NASDAQ:LOGM) applies perfectly to this mantra.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

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

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!