Life360, Inc. (NASDAQ:LIF – Get Free Report) Director Charles Prober sold 7,930 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $46.07, for a total value of $365,335.10. Following the completion of the sale, the director owned 109,911 shares of the company’s stock, valued at approximately $5,063,599.77. This trade represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Life360 Stock Performance
Shares of NASDAQ:LIF opened at $47.04 on Thursday. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54. The firm has a market cap of $3.81 billion, a PE ratio of 27.19 and a beta of 2.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. The business has a fifty day moving average of $43.50 and a 200-day moving average of $51.56.
Institutional Trading of Life360
A number of institutional investors and hedge funds have recently modified their holdings of LIF. Vanguard Group Inc. increased its stake in shares of Life360 by 18.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after acquiring an additional 1,260,236 shares during the last quarter. Norges Bank bought a new stake in shares of Life360 in the 4th quarter valued at about $47,097,000. Citigroup Inc. increased its stake in shares of Life360 by 158.4% in the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after acquiring an additional 459,463 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Life360 during the 3rd quarter valued at about $44,632,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Life360 by 455.0% during the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock valued at $18,918,000 after purchasing an additional 379,941 shares in the last quarter. 20.00% of the stock is owned by institutional investors.
Analyst Ratings Changes
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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