Life360 (NASDAQ:LIF) Director Sells $755,096.94 in Stock

Life360, Inc. (NASDAQ:LIFGet Free Report) Director Chris Hulls sold 16,042 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $47.07, for a total value of $755,096.94. Following the completion of the sale, the director directly owned 406,899 shares of the company’s stock, valued at approximately $19,152,735.93. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Hulls also recently made the following trade(s):

  • On Thursday, May 28th, Chris Hulls sold 16,379 shares of Life360 stock. The stock was sold at an average price of $40.34, for a total transaction of $660,728.86.
  • On Thursday, April 16th, Chris Hulls sold 16,105 shares of Life360 stock. The stock was sold at an average price of $45.51, for a total transaction of $732,938.55.

Life360 Stock Performance

Shares of NASDAQ:LIF opened at $48.94 on Friday. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $44.44 and a 200-day moving average price of $50.38. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 28.29 and a beta of 2.62.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen lowered shares of Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Macquarie Infrastructure initiated coverage on Life360 in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price for the company. Weiss Ratings cut Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. DA Davidson lifted their price target on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Bank of America assumed 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 equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.17.

Check Out Our Latest Stock Analysis on Life360

Hedge Funds Weigh In On Life360

A number of hedge funds have recently bought and sold shares of the company. Strive Financial Group LLC bought a new stake in Life360 during the 4th quarter valued at about $26,000. MCF Advisors LLC bought a new position in shares of Life360 in the fourth quarter worth approximately $32,000. NewEdge Advisors LLC bought a new position in shares of Life360 in the third quarter worth approximately $32,000. IFP Advisors Inc purchased a new stake in shares of Life360 during the third quarter valued at approximately $47,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Life360 by 136.6% during the fourth quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after buying an additional 519 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Life360 (NASDAQ:LIF)

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