Should RPX Corp (NASDAQ:RPXC) investors track the following data?
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Now that that’s out of the way, let’s discuss the latest info surrounding RPX Corp (NASDAQ:RPXC).
How have hedgies been trading RPX Corp (NASDAQ:RPXC)?
At Q2’s end, a total of 15 of the hedge funds we track were bullish in this stock, a change of 36% from the previous quarter. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were boosting their stakes meaningfully.
Now, particular hedge funds have been driving this bullishness. Cadian Capital, managed by Eric Bannasch, assembled the largest position in RPX Corp (NASDAQ:RPXC). Cadian Capital had 18.2 million invested in the company at the end of the quarter. Chuck Royce’s Royce & Associates also initiated a $9.7 million position during the quarter. The other funds with brand new RPXC positions are Jim Simons’s Renaissance Technologies, Cliff Asness’s AQR Capital Management, and D. E. Shaw’s D E Shaw.
Insider trading activity in RPX Corp (NASDAQ:RPXC)
Bullish insider trading is at its handiest when the primary stock in question has seen transactions within the past six months. Over the last half-year time period, RPX Corp (NASDAQ:RPXC) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to RPX Corp (NASDAQ:RPXC). These stocks are Team, Inc. (NYSE:TISI), InnerWorkings, Inc. (NASDAQ:INWK), LivePerson, Inc. (NASDAQ:LPSN), WNS (Holdings) Limited (ADR) (NYSE:WNS), and Insperity Inc (NYSE:NSP). All of these stocks are in the business services industry and their market caps resemble RPXC’s market cap.
