Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Incontact Inc (SAAS): Hedge Funds Are Bullish and Insiders Are Bearish, What Should You Do?

Page 1 of 2

Incontact Inc (NASDAQ:SAAS) was in 13 hedge funds’ portfolio at the end of March. SAAS investors should be aware of an increase in activity from the world’s largest hedge funds in recent months. There were 9 hedge funds in our database with SAAS holdings at the end of the previous quarter.

In the 21st century investor’s toolkit, there are many metrics market participants can use to watch publicly traded companies. A duo of the most useful are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best hedge fund managers can trounce the S&P 500 by a very impressive margin (see just how much).

Richard DriehausJust as important, bullish insider trading sentiment is another way to break down the world of equities. There are plenty of incentives for a bullish insider to sell shares of his or her company, but just one, very clear reason why they would buy. Many empirical studies have demonstrated the market-beating potential of this tactic if piggybackers understand what to do (learn more here).

With these “truths” under our belt, we’re going to take a gander at the key action surrounding Incontact Inc (NASDAQ:SAAS).

How have hedgies been trading Incontact Inc (NASDAQ:SAAS)?

Heading into Q2, a total of 13 of the hedge funds we track were bullish in this stock, a change of 44% from the previous quarter. With hedgies’ capital changing hands, there exists a select group of noteworthy hedge fund managers who were boosting their holdings meaningfully.

When looking at the hedgies we track, Constantinos J. Christofilis’s Archon Capital Management had the biggest position in Incontact Inc (NASDAQ:SAAS), worth close to $7.7 million, comprising 4% of its total 13F portfolio. Coming in second is Richard Driehaus of Driehaus Capital, with a $3.8 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Remaining hedge funds with similar optimism include Jeffrey Edwards’s East Peak Partners, Mark Broach’s Manatuck Hill Partners and Mark N. Diker’s Diker Management.

As industrywide interest jumped, key hedge funds were breaking ground themselves. East Peak Partners, managed by Jeffrey Edwards, assembled the biggest position in Incontact Inc (NASDAQ:SAAS). East Peak Partners had 3.2 million invested in the company at the end of the quarter. Mark Broach’s Manatuck Hill Partners also initiated a $2.5 million position during the quarter. The other funds with new positions in the stock are Jeffrey Vinik’s Vinik Asset Management, John Overdeck and David Siegel’s Two Sigma Advisors, and Mike Vranos’s Ellington.

How have insiders been trading Incontact Inc (NASDAQ:SAAS)?

Insider buying is best served when the company we’re looking at has seen transactions within the past half-year. Over the last six-month time frame, Incontact Inc (NASDAQ:SAAS) has seen zero unique insiders purchasing, and 10 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Incontact Inc (NASDAQ:SAAS). These stocks are SeaChange International (NASDAQ:SEAC), LogMeIn Inc (NASDAQ:LOGM), Qualys Inc (NASDAQ:QLYS), Responsys Inc (NASDAQ:MKTG), and NQ Mobile Inc (ADR) (NYSE:NQ). This group of stocks are the members of the application software industry and their market caps are closest to SAAS’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!