Life360, Inc. (NASDAQ:LIF) CFO Sells $122,142.40 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $39.35, for a total value of $122,142.40. Following the transaction, the chief financial officer now directly owns 181,857 shares in the company, valued at $7,156,072.95. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Russell John Burke also recently made the following trade(s):

• On Monday, March 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $42.51, for a total value of $131,951.04.
• On Monday, February 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $43.60, for a total transaction of $135,334.40.
• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $44.94, for a total transaction of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $46.78, for a total value of $145,205.12.
• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $42.74, for a total value of $132,664.96.

Life360 Trading Down 3.7 %

LIF stock traded down $1.52 during midday trading on Wednesday, hitting $39.88. 319,026 shares of the company traded hands, compared to its average volume of 359,395. The business has a 50 day simple moving average of $43.68 and a 200-day simple moving average of $42.88. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.77.

Life360 (NASDAQ:LIF) last announced its earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. Equities analysts predict that Life360, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LIF. Canaccord Genuity Group lifted their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Life360 currently has an average rating of “Buy” and a consensus target price of $47.63.

Hedge Funds Weigh In On Life360

Several large investors have recently made changes to their positions in LIF. New York State Common Retirement Fund bought a new position in Life360 in the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. increased its position in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after acquiring an additional 484 shares during the period. BNP Paribas Financial Markets acquired a new position in Life360 during the 3rd quarter valued at $98,000. MetLife Investment Management LLC acquired a new stake in Life360 in the 3rd quarter worth $139,000. Finally, KBC Group NV bought a new position in shares of Life360 during the 4th quarter worth about $147,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.