Who’s crazy about Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY)?
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Now that that’s out of the way, let’s analyze the newest info surrounding Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY).
How are hedge funds trading Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY)?
At Q2’s end, a total of 19 of the hedge funds we track held long positions in this stock, a change of 12% from the previous quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes considerably.
As aggregate interest spiked, certain bigger names have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, assembled the biggest position in Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY). Citadel Investment Group had 36.8 million invested in the company at the end of the quarter. Roberto Mignone’s Bridger Management also made a $31.8 million investment in the stock during the quarter. The following funds were also among the new ALNY investors: Stephen DuBois’s Camber Capital Management, James E. Flynn’s Deerfield Management, and Steven Cohen’s SAC Capital Advisors.
What do corporate executives and insiders think about Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY)?
Bullish insider trading is at its handiest when the company we’re looking at has seen transactions within the past six months. Over the latest half-year time period, Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) has experienced zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).
We’ll check out the relationship between both of these indicators in other stocks similar to Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY). These stocks are Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Acorda Therapeutics Inc (NASDAQ:ACOR), ImmunoGen, Inc. (NASDAQ:IMGN), Viropharma Inc (NASDAQ:VPHM), and Synageva BioPharma Corp (NASDAQ:GEVA). This group of stocks are the members of the biotechnology industry and their market caps are closest to ALNY’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) | 11 | 0 | 2 |
| Acorda Therapeutics Inc (NASDAQ:ACOR) | 12 | 0 | 4 |
| ImmunoGen, Inc. (NASDAQ:IMGN) | 4 | 0 | 3 |
| Viropharma Inc (NASDAQ:VPHM) | 22 | 0 | 0 |
| Synageva BioPharma Corp (NASDAQ:GEVA) | 8 | 0 | 4 |
Using the results shown by our research, regular investors must always watch hedge fund and insider trading sentiment, and Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) is an important part of this process.
