Lifelock, Inc. (LOCK) Files Form 4 Insider Selling : Chris G Power Sells 4,500 Shares

Lifelock, Inc. (LOCK): Chris G Power , CHIEF FINANCIAL OFFICER of Lifelock, Inc. sold 4,500 shares on Jun 17, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $16.00 per share for a total value of $72,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 16, 2016, Richard Todd Davis (EXECUTIVE VICE CHAIRMAN) sold 22,000 shares at $14.75 per share price.On Jun 9, 2016, Chris G Power (CHIEF FINANCIAL OFFICER) sold 21,000 shares at $14.05 per share price.Also, On Jun 3, 2016, David J/ca Cowan (director) sold 0 shares at $0.00 per share price.On Feb 3, 2016, Hilary Schneider (PRESIDENT) sold 1,103 shares at $11.88 per share price.

Lifelock Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Lifelock Inc which led to swings in the share price. The shares opened for trading at $15.54 and hit $15.67 on the upside , eventually ending the session at $15.59, with a gain of 1.04% or 0.16 points. The heightened volatility saw the trading volume jump to 15,04,554 shares. The 52-week high of the share price is $17.43 and the company has a market cap of $1,467 M . The 52-week low of the share price is at $7.18.

Lifelock Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Lifelock Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 18 from a previous price target of $16 .The Rating was issued on Jun 20, 2016.Lifelock Inc is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 15 from a previous price target of $18 . The Rating was issued on Apr 28, 2016.

LifeLock Inc. is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises. It operates in two segments: consumer segment which offers offer identity theft protection services to consumers on a monthly or annual subscription basis and an enterprise segment which offers consumer risk management services to enterprise customers who pay it based on the monthly volume of transactions with the Company. As of December 31 2014 the Company served approximately 3.6 million paying members. As of December 31 2014 the Company served over 300 enterprise customers. The Company offers the LifeLock Wallet mobile application which allows consumers to replicate and store a digital copy of the personal wallet contents on smart device for records backup as well as mobile use of items such as credit identification ATM (automated teller machine) insurance and loyalty cards.

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Lifelock Inc - Is it time to Sell?

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