LifeLock, Inc (LOCK) stock is plummeting today due to a number of factors.
Approximately 3.4 million shares switched hands Friday following a trading session Wednesday. LifeLock is a security and surveillance company that offers identity theft and fraud protection.
The dip in LOCK stock can be attributed to a number of factors including CFO Chris G. Power’s decision to sell restricted shares.
TheStreet rates LifeLock as a Hold and gives it a C rating. The company posted revenue growth higher than the industry average of 5.2%–revenue rose 28.5% from the year-ago period.
LifeLock also has a debt-to-equity ratio of zero but the company has underperformed in its equity return compared to the rest of the industry. Its net income has decreased by 15.7% compared to the year-ago period.
The 2015 revenue growth consensus for LifeLock is at 22%.
LOCK stock is down about 14.4% Friday afternoon.
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