Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke Sells 3,104 Shares

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $39.21, for a total transaction of $121,707.84. Following the completion of the sale, the chief financial officer now directly owns 215,291 shares of the company’s stock, valued at approximately $8,441,560.11. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, April 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $34.39, for a total value of $106,746.56.
• On Monday, March 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $39.35, for a total transaction of $122,142.40.
• On Monday, March 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $42.51, for a total transaction 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 value of $135,334.40.
• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $44.94, for a total value of $139,493.76.

Life360 Stock Performance

Life360 stock opened at $41.64 on Wednesday. The business has a 50 day simple moving average of $39.12 and a 200 day simple moving average of $42.67. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. As a group, sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. State Street Corp bought a new position in Life360 in the third quarter valued at approximately $2,393,000. Cherrydale Wealth Management LLC acquired a new stake in shares of Life360 during the fourth quarter worth $340,000. JPMorgan Chase & Co. grew its stake in shares of Life360 by 295.6% during the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock worth $514,000 after purchasing an additional 9,754 shares during the period. Swiss National Bank bought a new stake in Life360 in the fourth quarter valued at about $5,717,000. Finally, Hodges Capital Management Inc. lifted its stake in Life360 by 18.3% in the fourth quarter. Hodges Capital Management Inc. now owns 116,493 shares of the company’s stock valued at $4,808,000 after buying an additional 18,000 shares during the period. 20.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $47.38.

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.