Do Hedge Funds and Insiders Love Tangoe Inc (TNGO)?

Tangoe Inc (NASDAQ:TNGO) has seen a decrease in activity from the world’s largest hedge funds lately.

Tangoe Inc

In the eyes of most traders, hedge funds are seen as slow, old financial vehicles of yesteryear. While there are greater than 8000 funds in operation at the moment, we hone in on the top tier of this group, close to 450 funds. It is estimated that this group controls the majority of all hedge funds’ total capital, and by keeping an eye on their top picks, we have formulated a few investment strategies that have historically outpaced the S&P 500 index. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 24 percentage points in 7 months (see the details here).

Equally as beneficial, bullish insider trading sentiment is a second way to parse down the investments you’re interested in. Just as you’d expect, there are plenty of motivations for an insider to sell shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Many empirical studies have demonstrated the market-beating potential of this strategy if investors know what to do (learn more here).

Consequently, it’s important to take a glance at the latest action regarding Tangoe Inc (NASDAQ:TNGO).

How are hedge funds trading Tangoe Inc (NASDAQ:TNGO)?

Heading into 2013, a total of 7 of the hedge funds we track were long in this stock, a change of -46% from the third quarter. With hedgies’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were boosting their holdings substantially.

Of the funds we track, Columbus Circle Investors, managed by Donald Chiboucis, holds the biggest position in Tangoe Inc (NASDAQ:TNGO). Columbus Circle Investors has a $16.7 million position in the stock, comprising 0.1% of its 13F portfolio. On Columbus Circle Investors’s heels is Joe DiMenna of ZWEIG DIMENNA PARTNERS, with a $11.2 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Other hedge funds that hold long positions include Israel Englander’s Millennium Management, Steve Shapiro’s Intrepid Capital Management Inc DE and Paul Tudor Jones’s Tudor Investment Corp.

Seeing as Tangoe Inc (NASDAQ:TNGO) has witnessed declining sentiment from the smart money, logic holds that there were a few hedge funds that elected to cut their full holdings in Q4. At the top of the heap, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital dropped the largest investment of all the hedgies we key on, worth about $7.8 million in stock.. Anand Parekh’s fund, Alyeska Investment Group, also dropped its stock, about $2.7 million worth. These moves are important to note, as total hedge fund interest dropped by 6 funds in Q4.

What do corporate executives and insiders think about Tangoe Inc (NASDAQ:TNGO)?

Insider buying is best served when the company we’re looking at has experienced transactions within the past half-year. Over the last half-year time period, Tangoe Inc (NASDAQ:TNGO) has experienced zero unique insiders buying, and 2 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Tangoe Inc (NASDAQ:TNGO). These stocks are CSG Systems International, Inc. (NASDAQ:CSGS), Ebix Inc (NASDAQ:EBIX), Descartes Systems Group (USA) (NASDAQ:DSGX), Perficient, Inc. (NASDAQ:PRFT), and Servicesource International Inc (NASDAQ:SREV). This group of stocks belong to the business software & services industry and their market caps resemble TNGO’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
CSG Systems International, Inc. (NASDAQ:CSGS) 15 0 4
Ebix Inc (NASDAQ:EBIX) 10 0 1
Descartes Systems Group (USA) (NASDAQ:DSGX) 2 0 0
Perficient, Inc. (NASDAQ:PRFT) 7 2 5
Servicesource International Inc (NASDAQ:SREV) 7 1 7

With the returns exhibited by the aforementioned strategies, everyday investors must always watch hedge fund and insider trading sentiment, and Tangoe Inc (NASDAQ:TNGO) is an important part of this process.

Click here to learn why you should track hedge funds

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

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

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!