Qualys Inc (QLYS), LogMeIn Inc (LOGM): Should You Avoid Responsys Inc (MKTG)?

Responsys Inc (NASDAQ:MKTG) was in 11 hedge funds’ portfolio at the end of December. MKTG has experienced a decrease in activity from the world’s largest hedge funds recently. There were 14 hedge funds in our database with MKTG positions at the end of the previous quarter.

Responsys Inc (NASDAQ:MKTG)To the average investor, there are plenty of metrics market participants can use to track stocks. A pair of the best are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best investment managers can outperform the broader indices by a solid margin (see just how much).

Just as beneficial, bullish insider trading activity is a second way to parse down the marketplace. Obviously, there are a variety of incentives for an executive to sell shares of his or her company, but only one, very clear reason why they would behave bullishly. Several academic studies have demonstrated the useful potential of this tactic if “monkeys” understand where to look (learn more here).

Now, it’s important to take a gander at the recent action regarding Responsys Inc (NASDAQ:MKTG).

Hedge fund activity in Responsys Inc (NASDAQ:MKTG)

At the end of the fourth quarter, a total of 11 of the hedge funds we track were bullish in this stock, a change of -21% from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of key hedge fund managers who were increasing their holdings considerably.

When looking at the hedgies we track, Dmitry Balyasny’s Balyasny Asset Management had the most valuable position in Responsys Inc (NASDAQ:MKTG), worth close to $6 million, comprising 0.1% of its total 13F portfolio. On Balyasny Asset Management’s heels is Crosslink Capital, managed by Seymour Sy Kaufman and Michael Stark, which held a $5 million position; 0% of its 13F portfolio is allocated to the stock. Other hedge funds with similar optimism include Israel Englander’s Millennium Management, Ian P. Murray’s Lanexa Global Management and Chuck Royce’s Royce & Associates.

Judging by the fact that Responsys Inc (NASDAQ:MKTG) has faced a declination in interest from hedge fund managers, it’s safe to say that there was a specific group of money managers who were dropping their positions entirely heading into 2013. At the top of the heap, Charles Clough’s Clough Capital Partners said goodbye to the largest stake of the 450+ funds we monitor, valued at about $8 million in stock.. Scott Fine and Peter Richards’s fund, Empire Capital Management, also dropped its stock, about $8 million worth. These bearish behaviors are interesting, as total hedge fund interest fell by 3 funds heading into 2013.

Insider trading activity in Responsys Inc (NASDAQ:MKTG)

Bullish insider trading is best served when the company in question has seen transactions within the past six months. Over the last 180-day time period, Responsys Inc (NASDAQ:MKTG) has experienced 1 unique insiders buying, and 6 insider sales (see the details of insider trades here).

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

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
SeaChange International (NASDAQ:SEAC) 16 1 1
Qualys Inc (NASDAQ:QLYS) 5 0 0
LogMeIn Inc (NASDAQ:LOGM) 12 2 1
NQ Mobile Inc (ADR) (NYSE:NQ) 7 0 0
Incontact Inc (NASDAQ:SAAS) 6 0 4

With the returns demonstrated by Insider Monkey’s time-tested strategies, everyday investors should always pay attention to hedge fund and insider trading activity, and Responsys Inc (NASDAQ:MKTG) is no exception.

Click here to learn why you should track hedge funds

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 Biggest Airports in the World

The 5 Most Gang Infested Cities In America

The 34 Smartest Countries in the World

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

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!