Life360, Inc. (NASDAQ:LIF – Get Free Report) Director Chris Hulls sold 250,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the completion of the transaction, the director owned 382,056 shares in the company, valued at approximately $17,895,503.04. This represents a 39.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Chris Hulls also recently made the following trade(s):
- On Tuesday, August 4th, Chris Hulls sold 27,000 shares of Life360 stock. The stock was sold at an average price of $63.34, for a total transaction of $1,710,180.00.
- 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 transaction 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 transaction of $660,728.86.
Life360 Stock Down 2.5%
Shares of LIF opened at $44.66 on Friday. The firm has a market cap of $3.64 billion, a P/E ratio of 26.12 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The firm’s 50-day simple moving average is $53.04 and its 200 day simple moving average is $47.74.
Institutional Trading of Life360
Several large investors have recently modified their holdings of LIF. Geode Capital Management LLC lifted its position in Life360 by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock worth $74,372,000 after purchasing an additional 85,857 shares during the period. State Street Corp increased its holdings in Life360 by 17.3% in the 4th quarter. State Street Corp now owns 905,153 shares of the company’s stock valued at $58,057,000 after buying an additional 133,722 shares during the period. Franklin Resources Inc. increased its holdings in Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after buying an additional 352,110 shares during the period. Norges Bank acquired a new position in shares of Life360 in the 4th quarter valued at approximately $47,097,000. Finally, Federated Hermes Inc. raised its position in shares of Life360 by 31.7% in the 4th quarter. Federated Hermes Inc. now owns 588,182 shares of the company’s stock valued at $37,726,000 after buying an additional 141,438 shares in the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have commented on the company. Morgan Stanley set a $65.20 price objective on Life360 in a report on Wednesday, August 12th. Macquarie Infrastructure began coverage on shares of Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price target on the stock. DA Davidson raised their price target on shares of Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. Finally, Bank of America boosted their price objective on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Life360 currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.72.
Read Our Latest Analysis 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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