Insider Selling: Life360 (NASDAQ:LIF) Director Sells 7,930 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $46.07, for a total transaction of $365,335.10. Following the completion of the transaction, the director directly owned 109,911 shares of the company’s stock, valued at approximately $5,063,599.77. This represents a 6.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Price Performance

NASDAQ:LIF traded up $0.08 during midday trading on Wednesday, hitting $47.04. The company had a trading volume of 664,184 shares, compared to its average volume of 1,125,614. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The stock’s fifty day moving average price is $43.36 and its 200-day moving average price is $51.78. The company has a market capitalization of $3.81 billion, a PE ratio of 27.19 and a beta of 2.62. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.

Analyst Upgrades and Downgrades

LIF has been the subject of a number of research reports. UBS Group cut their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Bank of America began coverage on Life360 in a report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price objective for the company. Canaccord Genuity Group set a $72.00 target price on Life360 in a research note on Tuesday, May 12th. Macquarie Infrastructure began coverage on Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price for the company. Finally, Evercore set a $68.00 target price on Life360 in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Life360 has a consensus rating of “Moderate Buy” and a consensus target price of $63.94.

Institutional Investors Weigh In On Life360

Several institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in Life360 by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after acquiring an additional 254 shares during the period. Swiss Life Asset Management Ltd boosted its stake in shares of Life360 by 8.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock valued at $232,000 after purchasing an additional 273 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Life360 by 21.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock valued at $107,000 after purchasing an additional 292 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Life360 during the third quarter valued at approximately $32,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Life360 by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after purchasing an additional 343 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Company Profile

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.