NortonLifeLock Inc. [NLOK] President makes an insider acquire of 456,475 shares worth 9,999,998.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NortonLifeLock Inc. shares valued at $9,999,998 were purchased by Vlcek Ondrej on Sep 15. At $21.91 per share, Vlcek Ondrej acquired 456,475 shares. The insider’s holdings grew to 3,453,198 shares worth approximately $73.17 million following the completion of this transaction.

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Also, Feld Peter A purchased 500,000 shares, netting a total of over 11,017,200 in proceeds. Following the buying of shares at $22.03 each, the insider now holds 2,024,896 shares.

Before that, Feld Peter A had added 600,000 shares to its account. In a trade valued at $13,211,280, the Director bought NortonLifeLock Inc. shares for $22.02 each. Upon closing the transaction, the insider’s holdings increased to 600,000 shares, worth approximately $204.36 million.

As published in a research note from Morgan Stanley on March 29, 2022, NortonLifeLock Inc. [NLOK] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $28. This represents a 24.32% premium over Wednesday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of April 13, 2021, BofA Securities has initiated its “an Underperform” rating for NLOK.

Analyzing NLOK’s Price Performance

On Wednesday, NortonLifeLock Inc. [NASDAQ: NLOK] rose 1.34% to $21.19. The stock’s lowest price that day was $21.17, but it reached a high of $21.71 in the same session. During the last five days, there has been a drop of approximately -1.58%. Over the course of the year, NortonLifeLock Inc. shares have dropped approximately -18.44%. Shares of the company reached a 52-week high of $30.92 on 02/10/22 and a 52-week low of $20.76 on 09/20/22. A 50-day SMA is recorded $23.53, while a 200-day SMA reached $25.22. Nevertheless, trading volume fell to 6.79 million shares from 5.54 million shares the previous day.

Support And Resistance Levels for NortonLifeLock Inc. (NLOK)

According to the 24-hour chart, there is a support level at 21.00, which, if violated, would cause prices to drop to 20.82. In the upper region, resistance lies at 21.54. The next price resistance is at 21.90. RSI (Relative Strength Index) is 34.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.92, which suggests the price will decrease in the coming days. Percent R is at 84.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is NortonLifeLock Inc. subject to short interest?

Stocks of NortonLifeLock Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.68 million shares to 23.32 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 21.64 million shares. A jump of 7.2% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.77 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.77.

Which companies own the most shares of NortonLifeLock Inc. (NLOK)?

According to The Vanguard Group, Inc. filings, the company currently owns 64,080,716 shares, which is about 11.22% of the total NLOK shares outstanding. The investor’s shares have appreciated by 1,045,931 from its previous 13-F filing of 63034785.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $861,045,206. SSgA Funds Management, Inc. acquire a 0.91% interest valued at $589.4 million while Fidelity Management & Research Co purchased a 11,251,005 stake. A total of 3,634,241 shares of NortonLifeLock Inc. were bought by AllianceBernstein LP during the quarter, and 2,500,000 were bought by Starboard Value LP. In its current portfolio, Boston Partners Global Investors, holds 17,230,533 shares valued at $389.24 million.

In terms of NortonLifeLock Inc. share price expectations, FactSet research, analysts set an average price target of $26.95 in the next 12 months, up nearly 29.12% from the previous closing price of $20.91. Analysts anticipate NortonLifeLock Inc. stock to reach $29.00 by 2022, with the lowest price target being $24.80. In spite of this, 7 analysts ranked NortonLifeLock Inc. stock as a Hold at the end of 2022.


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