Should an Intralinks Holdings Inc (NYSE:IL) investor track the following data?
In today’s marketplace, there are tons of gauges shareholders can use to monitor Mr. Market. A couple of the most useful are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top money managers can beat their index-focused peers by a solid margin (see just how much).
Equally as necessary, optimistic insider trading activity is another way to look at the marketplace. Obviously, there are a variety of motivations for a bullish insider to sell shares of his or her company, but only one, very clear reason why they would buy. Many academic studies have demonstrated the valuable potential of this strategy if “monkeys” know where to look (learn more here).
Keeping this in mind, let’s discuss the newest info for Intralinks Holdings Inc (NYSE:IL).
How are hedge funds trading Intralinks Holdings Inc (NYSE:IL)?
At Q2’s end, a total of 16 of the hedge funds we track were bullish in this stock, a change of -6% from the previous quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes meaningfully.
Out of the hedge funds we follow, Altai Capital, managed by Rishi Bajaj, Toby Symonds, and Steve Tesoriere, holds the biggest position in Intralinks Holdings Inc (NYSE:IL). Altai Capital has a $25.3 million position in the stock, comprising 8.2% of its 13F portfolio. The second largest stake is held by Michael Doheny of Freshford Capital Management, with a $15.8 million position; 2.3% of its 13F portfolio is allocated to the stock. Other peers that hold long positions include J. Carlo Cannell’s Cannell Capital, Richard C. Patton’s Courage Capital and Lisa Rapuano’s Lane Five Capital.
Because Intralinks Holdings Inc (NYSE:IL) has witnessed dropping sentiment from the entirety of the hedge funds we track, we can see that there lies a certain “tier” of hedge funds that elected to cut their entire stakes last quarter. Intriguingly, Phil Frohlich’s Prescott Group Capital Management sold off the largest investment of the “upper crust” of funds we watch, worth an estimated $0.9 million in stock, and Neil Chriss of Hutchin Hill Capital was right behind this move, as the fund sold off about $0.3 million worth. These transactions are intriguing to say the least, as total hedge fund interest dropped by 1 funds last quarter.
What do corporate executives and insiders think about Intralinks Holdings Inc (NYSE:IL)?
Insider buying is at its handiest when the primary stock in question has seen transactions within the past 180 days. Over the last six-month time period, Intralinks Holdings Inc (NYSE:IL) has seen zero unique insiders purchasing, 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 Intralinks Holdings Inc (NYSE:IL). These stocks are Brady Corp (NYSE:BRC), Mantech International Corp (NASDAQ:MANT), AsiaInfo-Linkage, Inc. (NASDAQ:ASIA), KEYW Holding Corp. (NASDAQ:KEYW), and VASCO Data Security International, Inc. (NASDAQ:VDSI). All of these stocks are in the security software & services industry and their market caps match IL’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Brady Corp (NYSE:BRC) | 9 | 0 | 0 |
| Mantech International Corp (NASDAQ:MANT) | 12 | 0 | 0 |
| AsiaInfo-Linkage, Inc. (NASDAQ:ASIA) | 9 | 0 | 0 |
| KEYW Holding Corp. (NASDAQ:KEYW) | 9 | 0 | 0 |
| VASCO Data Security International, Inc. (NASDAQ:VDSI) | 7 | 0 | 0 |
Using the results demonstrated by Insider Monkey’s tactics, regular investors must always track hedge fund and insider trading activity, and Intralinks Holdings Inc (NYSE:IL) applies perfectly to this mantra.
