Lifelock, Inc. (LOCK) Files Form 4 Insider Selling : Chris G Power Sells 16,000 Shares

Lifelock, Inc. (LOCK): Chris G Power , CHIEF FINANCIAL OFFICER of Lifelock, Inc. sold 16,000 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 7, 2016 to the Securities and Exchange Commission. The shares were sold at $15.76 per share for a total value of $252,080.00 , 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 21, 2016, Chris G Power (CHIEF FINANCIAL OFFICER) sold 4,500 shares at $16.00 per share price.On Jun 16, 2016, Richard Todd Davis (EXECUTIVE VICE CHAIRMAN) sold 22,000 shares at $14.75 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.

Shares of Lifelock Inc (LOCK) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.82% at $15.71 with 7,90,918 shares getting traded. Post opening the session at $15.74, the shares hit an intraday low of $15.62 and an intraday high of $15.9 and the price vacillated in this range throughout the day. The company has a market cap of $1,478 M and the number of outstanding shares has been calculated to be 9,40,79,569 shares. The 52-week high of Lifelock Inc is $16.85 and the 52-week low is $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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