Life360 (NASDAQ:LIF) Director Chris Hulls Sells 250,000 Shares

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 250,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $46.84, for a total value of $11,710,000.00. Following the sale, the director owned 382,056 shares of the company’s stock, valued at $17,895,503.04. This trade represents a 39.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Chris Hulls also recently made the following trade(s):

• On Tuesday, August 4th, Chris Hulls sold 27,000 shares of Life360 stock. The stock was sold at an average price of $63.34, for a total value of $1,710,180.00.
• On Thursday, June 18th, Chris Hulls sold 16,042 shares of Life360 stock. The stock was sold at an average price of $47.07, for a total value of $755,096.94.
• On Thursday, May 28th, Chris Hulls sold 16,379 shares of Life360 stock. The stock was sold at an average price of $40.34, for a total value of $660,728.86.

Life360 Trading Down 7.6%

Shares of NASDAQ LIF opened at $43.19 on Thursday. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 25.26 and a beta of 2.35. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $53.05 and a 200-day simple moving average of $47.84.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Sell-side analysts predict that Life360, Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LIF. Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a research report on Tuesday, May 12th. UBS Group reduced their price target on shares of Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Evercore set a $68.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. Morgan Stanley set a $65.20 price objective on shares of Life360 in a research report on Wednesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Life360 in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Life360 presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.72.

Institutional Investors Weigh In On Life360

Institutional investors have recently bought and sold shares of the business. Strive Financial Group LLC acquired a new position in shares of Life360 in the 4th quarter valued at about $26,000. MCF Advisors LLC acquired a new stake in shares of Life360 during the fourth quarter worth approximately $32,000. NewEdge Advisors LLC acquired a new stake in shares of Life360 during the third quarter worth approximately $32,000. IFP Advisors Inc acquired a new stake in shares of Life360 during the third quarter worth approximately $47,000. Finally, Advisors Asset Management Inc. grew its position in Life360 by 136.6% during the fourth quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after purchasing an additional 519 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

About Life360

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.