Insider Selling: Life360, Inc. (NASDAQ:LIF) General Counsel Sells $20,130.00 in Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $40.26, for a total transaction of $20,130.00. Following the sale, the general counsel now directly owns 85,752 shares of the company’s stock, valued at approximately $3,452,375.52. This represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Life360 Stock Down 0.8 %

NASDAQ:LIF opened at $38.63 on Friday. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77. The stock’s 50-day moving average is $43.55 and its two-hundred day moving average is $42.95.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. As a group, research analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Life360

Hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in Life360 by 402.9% in the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock worth $22,269,000 after purchasing an additional 432,292 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Life360 during the 3rd quarter worth about $7,995,000. Marshall Wace LLP increased its holdings in shares of Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock valued at $16,975,000 after acquiring an additional 190,422 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Life360 by 1,233.3% in the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company’s stock valued at $8,286,000 after acquiring an additional 185,722 shares in the last quarter. Finally, Swiss National Bank acquired a new stake in Life360 in the 4th quarter worth approximately $5,717,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

About Life360

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.