Life360, Inc. (NASDAQ:LIF – Get Free Report) Director Chris Hulls sold 16,379 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $40.34, for a total value of $660,728.86. Following the completion of the sale, the director owned 403,485 shares in the company, valued at approximately $16,276,584.90. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chris Hulls also recently made the following trade(s):
- On Thursday, April 16th, Chris Hulls sold 16,105 shares of Life360 stock. The shares were sold at an average price of $45.51, for a total value of $732,938.55.
- On Thursday, March 19th, Chris Hulls sold 15,133 shares of Life360 stock. The shares were sold at an average price of $39.43, for a total value of $596,694.19.
Life360 Stock Down 2.4%
Life360 stock opened at $47.00 on Wednesday. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. The stock has a market cap of $3.81 billion, a PE ratio of 27.17 and a beta of 2.62. The stock’s fifty day moving average is $41.96 and its two-hundred day moving average is $53.85.
Institutional Trading of Life360
Analyst Upgrades and Downgrades
A number of analysts have weighed in on LIF shares. Macquarie Infrastructure started coverage on Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price target on the stock. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group set a $72.00 price target on Life360 in a research note on Tuesday, May 12th. UBS Group cut their price target on Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Finally, Bank of America started coverage on Life360 in a research note on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price target on the stock. One research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.94.
Read Our Latest Research Report on LIF
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.
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