Insider Selling: Life360 (NASDAQ:LIF) Director Sells $818,376.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $103.20, for a total transaction of $818,376.00. Following the sale, the director directly owned 105,456 shares of the company’s stock, valued at approximately $10,883,059.20. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Life360 Stock Performance

LIF stock opened at $87.60 on Friday. Life360, Inc. has a one year low of $29.62 and a one year high of $112.54. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 273.76 and a beta of 3.51. The firm has a 50-day simple moving average of $96.29 and a two-hundred day simple moving average of $70.79.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The firm had revenue of $115.38 million for the quarter, compared to the consensus estimate of $109.33 million. Life360 has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LIF has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price objective 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 upped their price objective on shares of Life360 from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of Life360 in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Life360 from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Finally, Zacks Research upgraded shares of Life360 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Life360 presently has a consensus rating of “Buy” and a consensus target price of $91.43.

Hedge Funds Weigh In On Life360

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Permanent Capital Management LP acquired a new position in Life360 in the 3rd quarter worth approximately $2,290,000. Highland Capital Management LLC acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $280,000. CWM LLC grew its stake in shares of Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares during the period. Vontobel Holding Ltd. acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $239,000. Finally, City Center Advisors LLC acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $399,000. 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.