Insider Selling: Lifelock Insider Sells 1,000 Shares of Stock (LOCK)
Lifelock (NASDAQ:LOCK) Insider Clarissa Cerda unloaded 1,000 shares of the stock on the open market in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $11.00, for a total transaction of $11,000.00. Following the sale, the insider now directly owns 12,500 shares in the company, valued at approximately $137,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
LOCK has been the subject of a number of recent research reports. Analysts at Pacific Crest cut their price target on shares of Lifelock from $20.00 to $16.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lifelock in a research note on Tuesday. They now have a $30.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Lifelock from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $12.50 price target on the stock, down previously from $25.00. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $21.64.
Shares of Lifelock (NASDAQ:LOCK) traded up 0.44% during mid-day trading on Friday, hitting $11.34. The stock had a trading volume of 2,570,884 shares. Lifelock has a 52-week low of $10.12 and a 52-week high of $22.85. The stock has a 50-day moving average of $14.48 and a 200-day moving average of $17.34. The company has a market cap of $1.048 billion and a price-to-earnings ratio of 21.30.
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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