John Philip Coghlan Sells 3,125 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 3,125 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $43.30, for a total transaction of $135,312.50. Following the transaction, the director now owns 32,903 shares of the company’s stock, valued at $1,424,699.90. This represents a 8.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

John Philip Coghlan also recently made the following trade(s):

• On Tuesday, April 1st, John Philip Coghlan sold 3,125 shares of Life360 stock. The stock was sold at an average price of $37.86, for a total transaction of $118,312.50.

Life360 Stock Performance

Life360 stock opened at $44.13 on Wednesday. The business has a 50-day simple moving average of $39.23 and a 200 day simple moving average of $42.65. Life360, Inc. has a 52 week low of $26.00 and a 52 week 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). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The company had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. Analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Stifel Nicolaus dropped their target price on 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 raised Life360 from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $47.38.

Institutional Trading of Life360

Hedge funds have recently made changes to their positions in the stock. WealthPlan Investment Management LLC raised its position in Life360 by 2.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after purchasing an additional 247 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after buying an additional 484 shares in the last quarter. New York State Common Retirement Fund bought a new stake in Life360 in the 4th quarter worth approximately $25,000. Corebridge Financial Inc. boosted its stake in Life360 by 64.0% in the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock worth $210,000 after buying an additional 1,987 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock valued at $84,000 after acquiring an additional 2,116 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

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.