Prescott General Partners Lowers stake in Lifelock Inc (LOCK)

Lifelock Inc (LOCK) : Prescott General Partners reduced its stake in Lifelock Inc by 10.92% during the most recent quarter end. The investment management company now holds a total of 7,820,683 shares of Lifelock Inc which is valued at $154,067,455 after selling 958,575 shares in Lifelock Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Lifelock Inc makes up approximately 9.84% of Prescott General Partners’s portfolio.

Other Hedge Funds, Including , 13d Management boosted its stake in LOCK in the latest quarter, The investment management firm added 75,161 additional shares and now holds a total of 628,953 shares of Lifelock Inc which is valued at $12,390,374. Lifelock Inc makes up approx 5.15% of 13d Management’s portfolio.Teachers Advisors reduced its stake in LOCK by selling 1,216 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 138,008 shares of LOCK which is valued at $2,434,461.Skylands Capital reduced its stake in LOCK by selling 75,900 shares or 24.46% in the most recent quarter. The Hedge Fund company now holds 234,350 shares of LOCK which is valued at $3,988,637. Lifelock Inc makes up approx 0.63% of Skylands Capital’s portfolio.

Lifelock Inc opened for trading at $20.7 and hit $20.96 on the upside on Monday, eventually ending the session at $20.75, with a gain of 0.14% or 0.03 points. The heightened volatility saw the trading volume jump to 9,92,085 shares. Company has a market cap of $1,954 M.

On the company’s financial health, Lifelock Inc reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.35. The company had revenue of $170.29 million for the quarter, compared to analysts expectations of $168.44 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Lifelock Inc. Company shares were Reiterated by Canaccord Genuity on Nov 14, 2016 to “Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $21 .

LifeLock Inc. is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises. It operates in two segments: consumer segment which offers offer identity theft protection services to consumers on a monthly or annual subscription basis and an enterprise segment which offers consumer risk management services to enterprise customers who pay it based on the monthly volume of transactions with the Company. As of December 31 2014 the Company served approximately 3.6 million paying members. As of December 31 2014 the Company served over 300 enterprise customers. The Company offers the LifeLock Wallet mobile application which allows consumers to replicate and store a digital copy of the personal wallet contents on smart device for records backup as well as mobile use of items such as credit identification ATM (automated teller machine) insurance and loyalty cards.

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