Tech Insider Buying: Vitesse Semiconductor (NASDAQ:VTSS), InterNAP Network Services (NASDAQ:INAP), Rally Software Development (NYSE:RALY), Comverse (NASDAQ:CNSI), Multi-Fineline Electronix (NASDAQ:MFLX)

Technology Stocks News 11

Vitesse Semiconductor (NASDAQ:VTSS) major shareholder William C. Martin bought 1,600,000 shares of Vitesse Semiconductor stock on the open market in a transaction dated Thursday, June 12th. The stock was purchased at an average cost of $3.35 per share, for a total transaction of $5,360,000.00.  Vitesse Semiconductor (NASDAQ:VTSS) stock performance was 0.87% in last session and finished the day at $3.49. Traded volume was 349.40K shares in the last session and the average volume of the stock remained 309.93K shares. The beta of the stock remained 2.45. Vitesse Semiconductor (NASDAQ:VTSS) insider ownership is 2.40%.

InterNAP Network Services Corp. (NASDAQ:INAP) Director Charles B. Coe purchased 12,000 shares of the company stock in a transaction that occurred on Monday, June 16th. The shares were purchased at an average price of $6.86 per share, for a total transaction of $82,320.00. Following the purchase, the director now directly owns 67,350 shares in the company, valued at approximately $462,021.  InterNAP Network Services (NASDAQ:INAP) dropped -0.14 percent to $7.18 Friday on volume of 241.60K shares. The intra-day range of the stock was $7.14 to $7.29. InterNAP Network Services (NASDAQ:INAP) has a market capitalization of $390.00million.

Rally Software Development Corp (NASDAQ:RALY) Director Thomas F. Bogan bought 50,000 shares of the stock on the open market in a transaction dated Thursday, June 12th. The shares were purchased at an average cost of $9.18 per share, for a total transaction of $459,000.00. Following the transaction, the director now directly owns 119,060 shares in the company, valued at approximately $1,092,971. Rally Software Development Corp (NYSE:RALY)’s stock on June 20, 2014 reported a decrease of -0.29% to the closing price of $10.46. Its fifty two weeks range is $8.40-$33.06. The total market capitalization recorded $260.04million. The overall volume in the last trading session was 653.50K shares. In its share capital, RALY has 24.86million outstanding shares.

Comverse Inc (NASDAQ:CNSI) Director Matthew A. Drapkin purchased 97,945 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were purchased at an average cost of $23.63 per share, for a total transaction of $2,314,440.35.  On Friday, shares of Comverse Inc (NASDAQ:CNSI) advanced 1.75% to close the day at $26.68. Company return on investment (ROI) is 86.90% and its monthly performance is recorded as 7.84%. Comverse Inc (NASDAQ:CNSI) quarterly revenue growth is -21.90%.

Multi-Fineline Electronix, Inc (NASDAQ:MFLX) EVP Lei Jin bought 6,000 shares of Multi-Fineline Electronix stock in a transaction that occurred on Monday, June 16th. The shares were purchased at an average price of $9.80 per share, for a total transaction of $58,800.00. Following the completion of the transaction, the executive vice president now directly owns 34,964 shares in the company, valued at approximately $342,647.  Multi-Fineline Electronix, Inc. (NASDAQ:MFLX) stock performance was 0.73% in last session and finished the day at $11.00. Traded volume was 169.00K shares in the last session and the average volume of the stock remained 39.43K shares. The beta of the stock remained 0.96. Multi-Fineline Electronix, Inc. (NASDAQ:MFLX) insider ownership is 0.80%.

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