Should Guidance Software, Inc. (NASDAQ:GUID) investors track the following data?
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Thus, it’s important to discuss the recent info surrounding Guidance Software, Inc. (NASDAQ:GUID).
How are hedge funds trading Guidance Software, Inc. (NASDAQ:GUID)?
Heading into Q3, a total of 6 of the hedge funds we track held long positions in this stock, a change of -25% from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were upping their holdings substantially.
When using filings from the hedgies we track, Mario Gabelli’s GAMCO Investors had the biggest position in Guidance Software, Inc. (NASDAQ:GUID), worth close to $2.3 million, accounting for less than 0.1%% of its total 13F portfolio. Sitting at the No. 2 spot is Lanexa Global Management, managed by Ian P. Murray, which held a $2.2 million position; the fund has 2.6% of its 13F portfolio invested in the stock. Other hedge funds that are bullish include John Zaro’s Bourgeon Capital, Phil Frohlich’s Prescott Group Capital Management and Jim Simons’s Renaissance Technologies.
Since Guidance Software, Inc. (NASDAQ:GUID) has experienced a fall in interest from the entirety of the hedge funds we track, logic holds that there were a few fund managers that slashed their entire stakes last quarter. Intriguingly, Peter Algert and Kevin Coldiron’s Algert Coldiron Investors cut the biggest stake of the “upper crust” of funds we watch, totaling an estimated $1.3 million in stock. Israel Englander’s fund, Millennium Management, also said goodbye to its stock, about $0.7 million worth. These bearish behaviors are interesting, as total hedge fund interest fell by 2 funds last quarter.
How are insiders trading Guidance Software, Inc. (NASDAQ:GUID)?
Insider buying is at its handiest when the company in question has experienced transactions within the past six months. Over the last half-year time period, Guidance Software, Inc. (NASDAQ:GUID) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to Guidance Software, Inc. (NASDAQ:GUID). These stocks are DTS Inc. (NASDAQ:DTSI), Active Network Inc (NYSE:ACTV), Vringo, Inc. (NYSEAMEX:VRNG), Actuate Corporation (NASDAQ:BIRT), and RealNetworks Inc (NASDAQ:RNWK). All of these stocks are in the application software industry and their market caps are closest to GUID’s market cap.