Lifelock Insider Sells $77,700 in Stock (LOCK)
Lifelock (NASDAQ:LOCK) Insider Clarissa Cerda sold 6,000 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $12.95, for a total value of $77,700.00. Following the sale, the insider now directly owns 12,500 shares in the company, valued at approximately $161,875. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Lifelock (NASDAQ:LOCK) traded down 0.70% during mid-day trading on Friday, hitting $12.80. 1,688,247 shares of the company’s stock traded hands. Lifelock has a 52-week low of $10.48 and a 52-week high of $22.85. The stock has a 50-day moving average of $12.12 and a 200-day moving average of $16.61. The company has a market cap of $1.183 billion and a price-to-earnings ratio of 24.32.
A number of research firms have recently commented on LOCK. 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Lifelock presently has an average rating of “Buy” and an average target price of $21.64.
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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