Insider Activity At Shutterfly Inc. (SFLY) Amid the Approval of Share Repurchase Plan

The tech segment saw strong insider activity over the past week. After four insiders acquired stock from Teradata Corporation (NYSE:TDC), Nancy Schoendorf, a Board Director at Shutterfly, Inc. (NASDAQ:SFLY) purchased 15,000 shares of the company’s Common Stock. On Feb. 12th, Mrs. Schoendorf paid an average price of $44.71 per share (stock already trades around $47.32) and now owns 67,421 shares of the company.

 Shutterfly

Shutterfly, Inc. (NASDAQ:SFLY) is an Internet-based social expression and personal publishing service provider that enables consumers to share, print and preserve their memories by leveraging its technology, manufacturing, web-design and merchandising capabilities. Despite its razor-thin margins and returns, most analysts recommend buying this stock, mainly in account of its above average long-term EPS growth projections. Consensus estimates point towards average growth rates of 20%-21% for the next five years, compared to an industry average of 18%-19%.

Schoendorf’s purchase follows Shutterfly, Inc. (NASDAQ:SFLY)’s announcement of estimate-beating Q4 results and, of the management having authorized an increase of $100.0 million in its share repurchase program. This proves that the company is not only liquid, but also, that it has strong confidence in its fundamentals and its growth potential.

In fact, it is not only Schoendorf that feels bullish about Shutterfly, Inc. (NASDAQ:SFLY)’s future. Donald Chiboucis´ Columbus Circle Investors, the second-largest hedge fund bull, continued to up its stakes in the company over Q4, like it had in Q3. Over the fourth-quarter, the fund increased its position 78,339 shares and now owns 1,286,578 of them.

A major shareholder of Shutterfly, John Murphy‘s Alydar Capital, also upped its stakes over the past two quarters. In the fourth quarter, Murphy’s fund acquired 33,000 shares, increasing its participation in the company to a total of 730,400 shares.

On the other hand, Mariko Gordon‘s Daruma Asset Management, the largest hedge fund shareholder, has been reducing its stakes in the company.  Similar to what happens among analysts, sentiment among hedge funds is divided, but tilted towards a bullish sentiment. What do you think about this company?

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

Four Insiders Bullish On Teradata Corporation (TDC)

Despite Poor Results an Insider Increases His Bets on Bally Technologies (BYI)

An Insider Buys $3.0 Mln Worth of El Paso Pipeline Partners (EPB) Stock

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools 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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!