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)

 

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 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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

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!