Insider Selling: Lifelock Insider Sells 2,000 Shares of Stock (LOCK)
Lifelock (NASDAQ:LOCK) Insider Clarissa Cerda sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $13.56, for a total transaction of $27,120.00. Following the transaction, the insider now directly owns 12,132 shares of the company’s stock, valued at approximately $164,510. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on LOCK shares. 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 analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.17.
Shares of Lifelock (NASDAQ:LOCK) traded down 3.64% during mid-day trading on Friday, hitting $13.25. The stock had a trading volume of 1,117,764 shares. 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 $13.42 and its 200-day moving average is $15.84. The company has a market cap of $1.229 billion and a price-to-earnings ratio of 26.80.
Lifelock (NASDAQ:LOCK) last issued its quarterly earnings data 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 $0.46 earnings per share for the current fiscal year.
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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