Insider Activity: 3 Tech Stocks with Insiders Buying
Jorge is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
Executives, VP's, CFO's, CEO's, and directors have the most up-to-date information on their companies' prospects. Intimately acquainted with cyclical trends, order flow, supply and production bottlenecks, costs and other key ingredients of business success, these insiders are way ahead of analysts and portfolio managers, not to mention individual investors. Insiders' decisions - legal or not - to trade in their own companies' stocks are certainly worth examining. So, in this article, I will write about three tech companies that insiders bought during November and deserve to be considered.
Vocus (NASDAQ: VOCS)
Insiders have started to snap up shares of Vocus. The company provides cloud marketing software that enables businesses to attract, engage, and retain customers in the United States, Europe, Asia, and Morocco. It offers a suite of software for social media marketing, search marketing, email marketing, and publicity.
- Richard E. Rudman, President and CEO, has just bought 70,000 shares, or $1.07 million worth of stock, at $15.31 per share.
Vocus has a market cap of $288.27 million and an enterprise value of $268.34 million. Its trailing P/E is incalculable, and its forward P/E is just 26.30. Vocus' estimated growth rate for this year is -279.26. It has a total cash position on its balance sheet of just $30.57 million, and its total debt is at $1.64 million. From a technical standpoint, this stock is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock plunged from its February high of $24.60 to a recent low in March of $11.95. If you are bullish on this stock, I would look to be a buyer on the next high-volume move above some near-term overhead resistance at $15.44 a share. Look for volume that's tracking in close to or above its three-month average action of 148,306 shares.
Take-Two Interactive (NASDAQ: TTWO)
Another stock whose insiders are very active is Take-Two Interactive. The company develops, markets, and publishes interactive entertainment for consumers in the United States, as well as internationally. The company offers its products under several labels, including Rockstar Games and 2K, which publishes its titles under 2K Games, 2K Sports, and 2K Play. It develops and publishes action/adventure products in the Grand Theft Auto series, as well as other franchises, including L.A. Noire, Max Payne, Midnight Club and Red Dead under the Rockstar Games label.
- Carl C. Icahn, 10% owner of Take-two interactive software Inc, has just bought 918,911 shares, or $10.19 million worth of stock, at $11.1 per share.
Carl C. Icahn also bought shares on Nov. 7, 2012. He has bought a total of 1,926,711 shares in November.
Take-Two Interactive has a market cap of $1.0 billion and an enterprise value of $1.01 billion. Its trailing P/E is incalculable, and its forward P/E is just 5.84. Take-Two's estimated growth rate for this year is -319.76. It has a total cash position on its balance sheet of just $328.58 million, and its total debt is at $325.54 million. From a technical standpoint, this stock is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock plunged from its February high of $16.99 to a recent low in August of $7.37. If you are bullish on this stock, I would look to be a buyer on the next high-volume move above some near-term overhead resistance at $11.35 a share. Look for volume that's tracking in close to or above its three-month average action of 2,004,313 shares.
Advanced Micro Devices (NYSE: AMD)
Insiders have started to snap up shares in Advanced Micro Devices. AMD operates as a worldwide semiconductor company. The company designs, develops, and sells microprocessor products, such as central processing unit (CPU) and accelerated processing unit "APU" for servers, desktop personal computers, and mobile devices.
- Lisa T. Su, SVP, GM Global Business Units, has just bought 48,000 shares, or $98,400 worth of stock, at $2.05 per share.
Advanced Micro Devices has a market cap of $1.45 billion and an enterprise value of $2.15 billion. Unfortunately its trailing and forward P/E's are incalculable. AMD's estimated growth rate for this year is -38.90. It has a total cash position on its balance sheet of just $1.3 billion, and its total debt is at $2.04 billion. From a technical standpoint, this stock is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock plunged from its March high of $8.35 to a recent low in November of $1.96. If you are bullish on this stock, I would look to be a buyer on the next high-volume move above some near-term overhead resistance at $2.12 a share. Look for volume that's tracking in close to or above its three-month average action of 35,192,871 shares.
TraderUsa has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Take-Two Interactive . Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.If you have questions about this post or the Fool’s blog network, click here for information.
