Lifelock, Inc. (LOCK) Files Form 4 Insider Selling : Richard Todd Davis Sells 6,000 Shares

Lifelock, Inc. (LOCK): Richard Todd Davis , EXECUTIVE VICE CHAIRMAN of Lifelock, Inc. sold 6,000 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were sold at $17.02 per share for a total value of $102,164.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 16, 2016, Richard Todd Davis (EXECUTIVE VICE CHAIRMAN) sold 8,100 shares at $16.11 per share price.On Aug 11, 2016, Chris G Power (CHIEF FINANCIAL OFFICER) sold 10,000 shares at $16.80 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 Thursday, Sep 22, 2016 heightened volatility was witnessed in Lifelock Inc which led to swings in the share price. The shares opened for trading at $16.68 and hit $16.9 on the upside , eventually ending the session at $16.88, with a gain of 2.06% or 0.34 points. The heightened volatility saw the trading volume jump to 6,81,127 shares. The 52-week high of the share price is $17.35 and the company has a market cap of $1,563 M . The 52-week low of the share price is at $8.36.

Lifelock Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Lifelock Inc is Initiated by Goldman to Neutral and the brokerage firm has set the Price Target at $18. The Rating was issued on Aug 15, 2016.Lifelock Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $15 .The Rating was issued on Aug 3, 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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