Lifelock CFO Sells $57,400 in Stock (LOCK)
Lifelock (NASDAQ:LOCK) CFO Chris G. Power unloaded 4,000 shares of Lifelock stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $14.35, for a total transaction of $57,400.00. Following the completion of the sale, the chief financial officer now directly owns 22,646 shares of the company’s stock, valued at approximately $324,970. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Lifelock (NASDAQ:LOCK) traded up 2.57% on Friday, hitting $14.74. The stock had a trading volume of 757,967 shares. 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 $13.49 and its 200-day moving average is $15.46. The company has a market cap of $1.368 billion and a price-to-earnings ratio of 28.01.
Lifelock (NASDAQ:LOCK) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 29.3% on a year-over-year basis. Analysts expect that Lifelock will post $0.46 EPS for the current fiscal year.
Separately, 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Lifelock has an average rating of “Buy” and a consensus 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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