Two Technology Stocks That Insiders Love

At InsiderMonkey, we track insider purchases every day. It is very important to our investment strategy, just like keeping an eye on hedge fund activity. Therefore, in this article, I will look into two tech companies that have seen insiders buy their stock over the past few days.

First off is Sonus Networks, Inc. (NASDAQ:SONS), an $811 million market cap supplier of Session Initiation Protocol-based communication equipment including VoIP, video and Unified Communications through IP networks. On April 29, two insiders purchased the company’s stock. Raymond Dolan, CEO and President, acquired 1.0 million shares of the company, for prices ranging from $2.89 to $3.09 per share, inclusive. Following these transactions, Mr. Dolan owns around 3.08 million shares of the company, worth more than $10 million. The other active insider was Mark Greenquist, CFO, who bought 15,000 shares of Common Stock, for $2.9498 per share. He now holds 265,000 shares of Sonus Networks.

Sonus Networks, Inc. (NASDAQ:SONS)

In addition, several major hedge funds are betting on this stock. For instance, Scott Fine and Peter Richards´  Empire Capital Management, the largest hedge fund shareholder, holds more than 26.4 million shares. Other prominent investors with millionaire stakes in Sonus Networks are Jim Simons, Donald Chiboucis, Chuck Royce, Israel Englander, and Cliff Asness.

Second in this list is Datawatch Corporation (NASDAQ:DWCH), a $140.5 million market cap company engaged in the design, development, manufacturing, marketing, and support of business computer software, mainly for the information optimization and business service management markets. Over the past couple of days, the company’s Vice President and Controller, Sanjay Mistry, acquired 6,000 shares of the company. On April 28, he purchased 1,000 shares for $12.90 each. Then, on the following day, he procured another 5,000 shares, for an average price of $12.71 per share. Mr. Mistry now holds 17,033 shares of the company.

Besides Mr. Beedle, a few other prominent investors are betting on this stock. Jim Simons’ fund recently upped its stakes by 7% and now owns 343,500 shares of the company, worth more than $4.5 million. Only one fund holds more shares than Simons´ fund: Constantinos J. Christofilis Archon Capital Management, which owns 377,468 shares, which comprise more than 4% of its equity portfolio’s value. Others long on this company are Phil Frohlich (166,307 shares declared in his last 13F) and Josh Goldberg, who initiated a position in the stock over the last reported quarter, with 156,410 shares.

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

Insiders are Fond of Simon Property Group Inc (SPG) and Aaron’s Inc (AAN)

Insiders are Buying Sun Bancorp Inc (SNBC) and Famous Daves of America Inc (DAVE)

Strong Insider Activity at Graftech International Ltd (GTI)

 

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!