Should Investors Be Worried About Insider Sales At RadNet Inc. (RDNT) And Tucows Inc. (USA) (TCX)?

Michael Cooperman, Chief Financial Officer of Tucows Inc. (USA) (NASDAQ:TCX) liquidated some 11,400 shares recently. His total sales for this month now are in excess of 20,000 shares with about 203,900 shares still to his name. Considering that the stock price of the $275.85 million internet services provider has appreciated by almost 27% so far this year, the move seems to be more in the profit taking realm. Cantor Fitzgerald initiated coverage on Tucows late last month with a ‘Buy’ rating. Although Tucows missed the bottom line estimates in its financial results for the second quarter as its EPS of $0.20 fell $0.05 below the mark, revenues of $42.9 million were $1.5 million higher than expectations. Among the over 700 hedge funds that we track, a total of nine had an aggregate investment of $57.31 million in the company, compared to five funds with holdings worth $34.71 million at the end of March. Jim Simons‘ Renaissance Technologies raised its stake in Tucows Inc. (USA) (NASDAQ:TCX) by 16% during the April-June quarter to 741,350 shares valued at $20.65 million.

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