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Lifelock Inc (LOCK): Are Hedge Funds Right About This Stock?

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Is Lifelock Inc (NYSE:LOCK) a good investment?

In the eyes of many of your fellow readers, hedge funds are perceived as delayed, old financial tools of an era lost to time. Although there are over 8,000 hedge funds trading in present day, this site focuses on the moguls of this group, around 525 funds. Analysts calculate that this group has its hands on the lion’s share of all hedge funds’ total capital, and by watching their highest quality investments, we’ve determined a few investment strategies that have historically outperformed Mr. Market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 33 percentage points in 11 months (explore the details and some picks here).

Just as necessary, optimistic insider trading sentiment is another way to analyze the world of equities. Just as you’d expect, there are a number of incentives for a corporate insider to cut shares of his or her company, but only one, very obvious reason why they would buy. Several academic studies have demonstrated the valuable potential of this strategy if “monkeys” understand where to look (learn more here).

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.

Lifelock Inc (NYSE:LOCK)When using filings from the hedgies we track, Shannon River Fund Management, managed by Spencer M. Waxman, holds the most valuable position in Lifelock Inc (NYSE:LOCK). Shannon River Fund Management has a $14.5 million position in the stock, comprising 1.7% of its 13F portfolio. On Shannon River Fund Management’s heels is Cupps Capital Management, managed by Drew Cupps, which held a $9.6 million position; the fund has 0.8% of its 13F portfolio invested in the stock. Some other hedge funds that hold long positions include Seymour Sy Kaufman and Michael Stark’s Crosslink Capital, Jason F. Harris’s Kendall Square Capital and Joseph A. Jolson’s Harvest Capital Strategies.

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.

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