Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick Sells 500 Shares

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $46.89, for a total transaction of $23,445.00. Following the completion of the transaction, the general counsel now owns 111,309 shares of the company’s stock, valued at $5,219,279.01. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Life360 Trading Up 20.4%

Shares of Life360 stock opened at $59.62 on Wednesday. The firm has a fifty day moving average of $39.86 and a two-hundred day moving average of $42.83. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $62.64.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $103.62 million during the quarter, compared to analyst estimates of $101.48 million. Sell-side analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Life360 from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus dropped their price objective on shares of Life360 from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Finally, Loop Capital boosted their price objective on shares of Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $49.50.

Hedge Funds Weigh In On Life360

Institutional investors and hedge funds have recently made changes to their positions in the company. Cherrydale Wealth Management LLC acquired a new position in shares of Life360 in the 4th quarter valued at $340,000. JPMorgan Chase & Co. boosted its stake in Life360 by 295.6% in the 3rd 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. Barclays PLC boosted its stake in Life360 by 280.6% in the 4th quarter. Barclays PLC now owns 30,952 shares of the company’s stock worth $1,278,000 after purchasing an additional 22,820 shares during the period. Swiss National Bank acquired a new position in Life360 in the 4th quarter worth $5,717,000. Finally, Franklin Resources Inc. acquired a new position in Life360 in the 3rd quarter worth $4,689,000. 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.