Insider Selling: LifeLock CEO Sells 12,000 Shares of Stock (LOCK)
LifeLock (NASDAQ:LOCK) CEO Richard Todd Davis unloaded 12,000 shares of the stock on the open market in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $19.36, for a total value of $232,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of LifeLock (NASDAQ:LOCK) traded down 4.58% on Friday, hitting $18.96. The stock had a trading volume of 2,251,089 shares. LifeLock has a 1-year low of $8.31 and a 1-year high of $20.16. The stock has a 50-day moving average of $16.85 and a 200-day moving average of $14.60. The company has a market cap of $1.715 billion and a P/E ratio of 3311.67.
A number of research firms have recently commented on LOCK. Analysts at Canaccord Genuity raised their price target on shares of LifeLock from $19.00 to $21.00 in a research note to investors on Tuesday, January 14th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of LifeLock from $20.00 to $22.00 in a research note to investors on Monday, December 16th. They now have a “buy” rating on the stock.
LifeLock, Inc is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises.
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