788 institutions hold shares in NortonLifeLock Inc. (NLOK), with 5.45M shares held by insiders accounting for 0.94% while institutional investors hold 100.73% of the company’s shares. The shares outstanding are 593.00M, and float is at 576.37M with Short Float at 3.41%. Institutions hold 99.78% of the Float.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
The top institutional shareholder in the company is Capital World Investors with over 73.56 million shares valued at $1.53 billion. The investor’s holdings represent 12.64% of the NLOK Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 63.78 million shares valued at $1.33 billion to account for 10.96% of the shares outstanding. The other top investors are Blackrock Inc. which holds 48.37 million shares representing 8.31% and valued at over $1.01 billion, while FMR, LLC holds 5.94% of the shares totaling 34.56 million with a market value of $718.21 million.
NortonLifeLock Inc. (NASDAQ: NLOK) is -1.54% lower on its value in year-to-date trading and has touched a low of $15.12 and a high of $24.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NLOK stock was last observed hovering at around $20.84 in the last trading session, with the day’s loss setting it -0.38% off its average median price target of $26.00 for the next 12 months. It is also 24.22% off the consensus price target high of $27.00 offered by 13 analysts, but current levels are 11.04% higher than the price target low of $23.00 for the same period.
Currently trading at $20.46, the stock is -3.47% and -1.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.06 million and changing -1.82% at the moment leaves the stock -2.03% off its SMA200. NLOK registered -1.59% loss for a year compared to 6-month loss of -9.83%. The firm has a 50-day simple moving average (SMA 50) of $21.06 and a 200-day simple moving average (SMA200) of $21.01.
The stock witnessed a -2.15% gain in the last 1 month and extending the period to 3 months gives it a 8.31%, and is -3.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.20% over the week and 2.89% over the month.
NortonLifeLock Inc. (NLOK) has around 3600 employees, a market worth around $12.13B and $2.49B in sales. Current P/E ratio is 19.64 and Fwd P/E is 12.54. Profit margin for the company is 23.70%. Distance from 52-week low is 35.32% and -16.15% from its 52-week high. The company has generated returns on investments over the last 12 months (8.20%).
NortonLifeLock Inc. (NLOK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NortonLifeLock Inc. (NLOK) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.30, where 7 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
NortonLifeLock Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $659.6M over the same period.The EPS is expected to grow by 607.20% this year, but quarterly earnings will post 2.00% year-over-year. Quarterly sales are estimated to grow 7.40% in year-over-year returns.
NortonLifeLock Inc. (NLOK) Insider Activity
A total of 12 insider transactions have happened at NortonLifeLock Inc. (NLOK) in the last six months, with sales accounting for 4 and purchases happening 8 times. The most recent transaction is an insider sale by DERSE NATALIE MARIE, the company’s CFO. SEC filings show that DERSE NATALIE MARIE sold 1,286 shares of the company’s common stock on Feb 16 at a price of $21.48 per share for a total of $27623.0. Following the sale, the insider now owns 0.1 million shares.
NortonLifeLock Inc. disclosed in a document filed with the SEC on Aug 17 that Brown Matthew Charles (CAO) sold a total of 531 shares of the company’s common stock. The trade occurred on Aug 17 and was made at $22.94 per share for $12181.0. Following the transaction, the insider now directly holds 0.11 million shares of the NLOK stock.
Still, SEC filings show that on Aug 11, Brown Matthew Charles (CAO) disposed off 31,598 shares at an average price of $22.63 for $0.71 million. The insider now directly holds 83,077 shares of NortonLifeLock Inc. (NLOK).