Life360, Inc. (NASDAQ:LIF – Get Free Report) Director Chris Hulls sold 27,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $63.34, for a total transaction of $1,710,180.00. Following the completion of the transaction, the director directly owned 419,554 shares of the company’s stock, valued at approximately $26,574,550.36. The trade was a 6.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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, 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 shares were sold at an average price of $40.34, for a total value of $660,728.86.
Life360 Price Performance
Shares of NASDAQ LIF opened at $63.19 on Friday. The stock’s 50-day simple moving average is $52.43 and its two-hundred day simple moving average is $48.43. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54. The firm has a market capitalization of $5.12 billion, a P/E ratio of 36.53 and a beta of 2.35. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.
Institutional Trading of Life360
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on LIF shares. Canaccord Genuity Group set a $72.00 price target on shares of Life360 in a research note on Tuesday, May 12th. Morgan Stanley began coverage on shares of Life360 in a report on Tuesday, July 21st. They set an “overweight” rating and a $66.24 price objective for the company. Bank of America upped their target price on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Life360 presently has a consensus rating of “Moderate Buy” and an average target price of $64.81.
Read Our Latest Stock Analysis on LIF
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.
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