Insider Selling: Lifelock President Sells 2,757 Shares of Stock (LOCK)
Lifelock (NASDAQ:LOCK) President Hilary Schneider unloaded 2,757 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $14.00, for a total transaction of $38,598.00. Following the completion of the sale, the president now directly owns 162,552 shares of the company’s stock, valued at approximately $2,275,728. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Lifelock (NASDAQ:LOCK) traded down 0.70% on Wednesday, hitting $14.25. 223,927 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 has a 50-day moving average of $13.45 and a 200-day moving average of $15.52. The company has a market cap of $1.322 billion and a price-to-earnings ratio of 27.97.
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. Analysts expect that Lifelock will post $0.46 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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. 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Lifelock currently has an average rating of “Buy” and an average target price 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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