Lifelock Trading Down 2% Following Insider Selling (LOCK)
Lifelock (NASDAQ:LOCK) was down 2% on Monday following insider selling activity, AnalystRatingsNetwork.com reports. The stock traded as low as $14.34 and last traded at $14.44, with a volume of 298,500 shares. The stock had previously closed at $14.74.
Specifically, CFO Chris G. Power sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $14.35, for a total value of $57,400.00. The sale was disclosed in a filing with the SEC, which is available at this link.
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 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 company has an average rating of “Buy” and an average price target of $23.17.
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 $1.334 billion and a price-to-earnings ratio of 28.73.
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 $0.46 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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