Lifelock Insider Sells $27,100 in Stock (LOCK)
Lifelock (NASDAQ:LOCK) Insider Clarissa Cerda unloaded 2,000 shares of Lifelock stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $13.55, for a total value of $27,100.00. Following the sale, the insider now directly owns 12,132 shares of the company’s stock, valued at approximately $164,389. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Lifelock (NASDAQ:LOCK) traded down 0.93% on Thursday, hitting $13.88. 2,089,981 shares of the company’s stock traded hands. Lifelock has a one year low of $10.48 and a one year high of $22.85. The stock’s 50-day moving average is $13.2 and its 200-day moving average is $16.03. The company has a market cap of $1.282 billion and a P/E ratio of 26.43.
Lifelock (NASDAQ:LOCK) last announced its earnings results on Wednesday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The company had revenue of $115.70 million for the quarter, compared to the consensus estimate of $113.92 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. On average, analysts predict that Lifelock will post $0.45 earnings per share for the current fiscal year.
LOCK has been the subject of a number of recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Lifelock in a research note on Wednesday, July 16th. They set a “neutral” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.17.
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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