BNP Paribas Arbitrage SA raised its stake in shares of LifeLock Inc. (NYSE:LOCK) by 114.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,996 shares of the company’s stock after buying an additional 3,729 shares during the period. BNP Paribas Arbitrage SA’s holdings in LifeLock were worth $118,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of LOCK. Northwestern Mutual Wealth Management Co. bought a new stake in LifeLock during the second quarter valued at $206,000. Royal Bank of Canada increased its stake in LifeLock by 1.1% in the second quarter. Royal Bank of Canada now owns 33,607 shares of the company’s stock valued at $531,000 after buying an additional 350 shares during the period. Lebenthal Holdings LLC increased its stake in LifeLock by 4.0% in the second quarter. Lebenthal Holdings LLC now owns 234,530 shares of the company’s stock valued at $3,707,000 after buying an additional 9,113 shares during the period. Stifel Financial Corp increased its stake in LifeLock by 3.1% in the second quarter. Stifel Financial Corp now owns 272,332 shares of the company’s stock valued at $4,305,000 after buying an additional 8,211 shares during the period. Finally, First Foundation Advisors acquired a new stake in LifeLock during the second quarter valued at approximately $572,000. Institutional investors and hedge funds own 98.22% of the company’s stock.
Shares of LifeLock Inc. (NYSE:LOCK) opened at 17.31 on Friday. LifeLock Inc. has a one year low of $9.05 and a one year high of $17.46. The company’s 50-day moving average is $16.63 and its 200-day moving average is $14.86. The stock’s market capitalization is $1.60 billion.
LifeLock (NYSE:LOCK) last announced its earnings results on Tuesday, August 2nd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $164.40 million for the quarter, compared to analysts’ expectations of $163.25 million. LifeLock had a negative net margin of 9.91% and a positive return on equity of 13.64%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. On average, equities research analysts anticipate that LifeLock Inc. will post $0.77 earnings per share for the current year.
Several research firms have recently commented on LOCK. Needham & Company LLC upped their price objective on shares of LifeLock from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Bank of America Corp. set a $18.00 price objective on shares of LifeLock and gave the company a “hold” rating in a report on Wednesday, August 3rd. Wunderlich upped their price objective on shares of LifeLock from $15.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. began coverage on shares of LifeLock in a report on Monday, August 15th. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, Zacks Investment Research raised shares of LifeLock from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Saturday, August 6th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $18.09.
In related news, insider Richard Todd Davis sold 8,100 shares of LifeLock stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $16.11, for a total value of $130,491.00. Following the transaction, the insider now directly owns 343,850 shares in the company, valued at approximately $5,539,423.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chris G. Power sold 10,000 shares of LifeLock stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $16.80, for a total transaction of $168,000.00. Following the completion of the transaction, the insider now owns 200,385 shares in the company, valued at $3,366,468. The disclosure for this sale can be found here. 13.90% of the stock is currently owned by insiders.
LifeLock, Inc provides proactive identity theft protection services for consumers and consumer risk management services for enterprises. The Company monitors certain identity-related events, such as new account openings and credit-related applications. It operates in two segments: consumer segment and an enterprise segment.
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