In terms of insider activity, the insiders have actively traded shares in the last couple of months. Joseph Euteneuer, Chief Financial Officer at Sprint who will soon be replaced by Tarek Robbiati, purchased 33,600 shares of the company in 2015.
Considering a positive first quarter fiscal 2015 financial result and positive insider sentiment, we recommend investors to initiate positions at current levels as the company seems to have finally started to make its way back to growth.
At Insider Monkey, we track hedge funds’ moves in order to identify actionable patterns and profit from them. Our research has shown that hedge funds’ large-cap stock picks historically delivered a monthly alpha of six basis points, though these stocks underperformed the S&P 500 Total Return Index by an average of seven basis points per month between 1999 and 2012. On the other hand, the 15 most popular small-cap stocks among hedge funds outperformed the S&P 500 Index by an average of 95 basis points per month (read the details here). Since the official launch of our small-cap strategy in August 2012, it has performed just as predicted, returning over 123% and beating the market by more than 60 percentage points. We believe the data is clear: investors will be better off by focusing on small-cap stocks utilizing hedge fund expertise rather than large-cap stocks.