Lifelock EVP Sells $54,653 in Stock (LOCK)
Lifelock (NASDAQ:LOCK) EVP Velislav Iltchev unloaded 3,901 shares of the company’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $14.01, for a total value of $54,653.01. Following the sale, the executive vice president now directly owns 89,583 shares of the company’s stock, valued at approximately $1,255,058. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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. The stock has a consensus rating of “Buy” and an average price target of $21.64.
Lifelock (NASDAQ:LOCK) traded down 4.22% on Friday, hitting $13.85. 2,370,554 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’s 50-day moving average is $12.19 and its 200-day moving average is $16.50. The company has a market cap of $1.280 billion and a P/E ratio of 27.28.
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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