In a report issued on November 6, Matthew Hedberg from RBC Capital maintained a Hold rating on NortonLifeLock (NLOK), with a price target of $26.00. The company’s shares closed last Tuesday at $19.40.
According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 26.9% and a 72.8% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and CrowdStrike Holdings.
NortonLifeLock has an analyst consensus of Moderate Buy, with a price target consensus of $25.33, representing a 30.1% upside. In a report issued on November 6, Oppenheimer also maintained a Hold rating on the stock.
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NortonLifeLock’s market cap is currently $11.5B and has a P/E ratio of 3.30. The company has a Price to Book ratio of -2.92.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NLOK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
NortonLifeLock, Inc. engages in the provision of security, storage, and systems management solutions. It operates through Enterprise Security and Consumer Digital Safety segments. The Enterprise Security segment focuses on the provision of solutions to protect organizations so they can securely conduct business while leveraging new platforms and data. The Consumer Digital Safety segment provides solutions to protect information, devices, networks and the identities of consumers. The company was founded by Gary Hendrix in April 1982 and is headquartered in Mountain View, CA.
