Should Fluidigm Corporation (NASDAQ:FLDM) investors track the following data?
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Equally as necessary, positive insider trading sentiment is another way to analyze the investments you’re interested in. Just as you’d expect, there are a variety of stimuli for a corporate insider to sell shares of his or her company, but just one, very clear reason why they would buy. Many academic studies have demonstrated the valuable potential of this tactic if investors know where to look (learn more here).
Thus, it’s important to examine the recent info surrounding Fluidigm Corporation (NASDAQ:FLDM).
What have hedge funds been doing with Fluidigm Corporation (NASDAQ:FLDM)?
At the end of the second quarter, a total of 8 of the hedge funds we track were long in this stock, a change of 33% from one quarter earlier. With hedgies’ capital changing hands, there exists a few key hedge fund managers who were boosting their stakes substantially.
Consequently, specific money managers were leading the bulls’ herd. OrbiMed Advisors, managed by Samuel Isaly, created the largest position in Fluidigm Corporation (NASDAQ:FLDM). OrbiMed Advisors had 22 million invested in the company at the end of the quarter. Jacob Gottlieb’s Visium Asset Management also initiated a $5.3 million position during the quarter. The other funds with brand new FLDM positions are SAC Subsidiary’s CR Intrinsic Investors, John Overdeck and David Siegel’s Two Sigma Advisors, and D. E. Shaw’s D E Shaw.
How have insiders been trading Fluidigm Corporation (NASDAQ:FLDM)?
Insider buying is best served when the company we’re looking at has seen transactions within the past half-year. Over the latest six-month time frame, Fluidigm Corporation (NASDAQ:FLDM) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also review the relationship between both of these indicators in other stocks similar to Fluidigm Corporation (NASDAQ:FLDM). These stocks are FARO Technologies, Inc. (NASDAQ:FARO), Affymetrix, Inc. (NASDAQ:AFFX), Measurement Specialties, Inc. (NASDAQ:MEAS), Rudolph Technologies Inc (NASDAQ:RTEC), and Landauer, Inc. (NYSE:LDR). This group of stocks belong to the scientific & technical instruments industry and their market caps are closest to FLDM’s market cap.