Lauren Antonoff Sells 19,442 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) CEO Lauren Antonoff sold 19,442 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $76.24, for a total value of $1,482,258.08. Following the sale, the chief executive officer owned 305,385 shares in the company, valued at approximately $23,282,552.40. The trade was a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Lauren Antonoff also recently made the following trade(s):

• On Monday, November 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The shares were sold at an average price of $76.10, for a total value of $345,950.60.
• On Friday, October 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The stock was sold at an average price of $93.01, for a total value of $422,823.46.
• On Wednesday, September 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The shares were sold at an average price of $101.52, for a total value of $461,509.92.

Life360 Stock Performance

NASDAQ:LIF traded down $4.43 during midday trading on Monday, hitting $73.57. The company’s stock had a trading volume of 1,223,294 shares, compared to its average volume of 762,678. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. The firm has a market cap of $5.77 billion, a P/E ratio of 216.38 and a beta of 3.60. The firm’s 50 day moving average is $89.47 and its 200-day moving average is $81.40.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.03 by $0.08. The business had revenue of $124.50 million during the quarter, compared to analysts’ expectations of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. Equities analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life360

Several hedge funds have recently modified their holdings of LIF. IFP Advisors Inc purchased a new position in Life360 during the third quarter worth approximately $47,000. Swiss Life Asset Management Ltd purchased a new stake in shares of Life360 during the third quarter worth $355,000. CIBC Bancorp USA Inc. purchased a new position in Life360 in the 3rd quarter worth approximately $206,000. Advisory Services Network LLC acquired a new position in Life360 during the third quarter worth $80,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Life360 by 321.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 36,464 shares of the company’s stock valued at $3,876,000 after acquiring an additional 27,807 shares during the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on LIF shares. Canaccord Genuity Group upped their price target on shares of Life360 from $86.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Stifel Nicolaus cut Life360 from a “buy” rating to a “hold” rating and set a $92.00 price objective for the company. in a report on Friday, October 24th. Wall Street Zen upgraded Life360 from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Life360 in a report on Tuesday, November 11th. Finally, JMP Securities lifted their price target on Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.00.

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.