Is Lifelock Inc (NYSE:LOCK) a good investment?
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Furthermore, we’re going to examine the newest info for Lifelock Inc (NYSE:LOCK).
Hedge fund activity in Lifelock Inc (NYSE:LOCK)
In preparation for the third quarter, a total of 14 of the hedge funds we track held long positions in this stock, a change of 56% from one quarter earlier. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were boosting their stakes meaningfully.
As aggregate interest spiked, particular hedge funds were breaking ground themselves. Shannon River Fund Management, managed by Spencer M. Waxman, established the most valuable position in Lifelock Inc (NYSE:LOCK). Shannon River Fund Management had 14.5 million invested in the company at the end of the quarter. Drew Cupps’s Cupps Capital Management also made a $9.6 million investment in the stock during the quarter. The other funds with new positions in the stock are Seymour Sy Kaufman and Michael Stark’s Crosslink Capital, Jason F. Harris’s Kendall Square Capital, and Joseph A. Jolson’s Harvest Capital Strategies.
How have insiders been trading Lifelock Inc (NYSE:LOCK)?
Insider buying made by high-level executives is particularly usable when the company in question has experienced transactions within the past 180 days. Over the last half-year time period, Lifelock Inc (NYSE:LOCK) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to Lifelock Inc (NYSE:LOCK). These stocks are AVG Technologies NV (NYSE:AVG), Insight Enterprises, Inc. (NASDAQ:NSIT), Demandware Inc (NYSE:DWRE), Monotype Imaging Holdings Inc. (NASDAQ:TYPE), and FleetMatics Group PLC (NYSE:FLTX). This group of stocks are in the application software industry and their market caps are closest to LOCK’s market cap.
