Insider Selling: Clarissa Cerda Sells 1,000 Shares of Lifelock Stock (LOCK)
Lifelock (NASDAQ:LOCK) Insider Clarissa Cerda sold 1,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $11.69, for a total transaction of $11,690.00. Following the completion of the transaction, the insider now directly owns 12,500 shares in the company, valued at approximately $146,125. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on LOCK shares. Analysts at Pacific Crest cut their price target on shares of Lifelock from $20.00 to $16.00 in a research note on Friday, May 23rd. 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, May 20th. 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, May 20th. They now have a $12.50 price target on the stock, down previously from $25.00. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $21.64.
Lifelock (NASDAQ:LOCK) traded up 4.51% on Monday, hitting $12.29. 431,594 shares of the company’s stock traded hands. Lifelock has a 1-year low of $10.48 and a 1-year high of $22.85. The stock has a 50-day moving average of $12.49 and a 200-day moving average of $16.77. The company has a market cap of $1.136 billion and a P/E ratio of 22.19.
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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