Insider Selling: Lifelock Insider Unloads 2,000 Shares of Stock (LOCK)
Lifelock (NASDAQ:LOCK) Insider Clarissa Cerda sold 2,000 shares of the stock on the open market in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $14.20, for a total value of $28,400.00. Following the completion of the sale, the insider now directly owns 12,132 shares in the company, valued at approximately $172,274. The transaction was disclosed in a filing with the SEC, which can be accessed through 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, 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 research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $21.64.
Lifelock (NASDAQ:LOCK) traded down 1.06% during mid-day trading on Thursday, hitting $13.94. 705,464 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 $12.31 and a 200-day moving average of $16.44. The company has a market cap of $1.288 billion and a P/E ratio of 26.58.
LifeLock, Inc is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.