Insider Selling: Life360 (NASDAQ:LIF) Director Sells $334,011.60 in Stock

Life360, Inc. (NASDAQ:LIFGet Free Report) Director Charles Prober sold 7,930 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $42.12, for a total transaction of $334,011.60. Following the transaction, the director directly owned 109,930 shares of the company’s stock, valued at $4,630,251.60. This represents a 6.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Down 1.7%

NASDAQ LIF opened at $39.62 on Friday. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54. The stock has a market cap of $3.23 billion, a PE ratio of 23.17 and a beta of 2.24. The firm has a 50-day simple moving average of $49.20 and a 200 day simple moving average of $46.43. 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 (NASDAQ:LIFGet Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Life360 had a net margin of 25.73% and a return on equity of 5.66%. The firm had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. On average, research analysts forecast that Life360, Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on LIF. UBS Group reduced their target price on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Bank of America increased their price objective on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. DA Davidson reduced their price objective on shares of Life360 from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday. Morgan Stanley set a $65.20 price objective on shares of Life360 in a report on Wednesday, August 12th. Finally, Citigroup lowered their target price on shares of Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.94.

Read Our Latest Stock Report on Life360

Institutional Trading of Life360

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake 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 acquiring an additional 85,857 shares in the last quarter. Norges Bank acquired a new stake in shares of Life360 in the 4th quarter valued at $47,097,000. Greenspring Advisors LLC bought a new stake in shares of Life360 in the 4th quarter worth about $21,720,000. Principal Financial Group Inc. grew its holdings in shares of Life360 by 455.0% in the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock worth $18,918,000 after purchasing an additional 379,941 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Life360 by 312.8% in the 1st quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock worth $16,626,000 after purchasing an additional 308,632 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

About Life360

(Get Free Report)

Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.

The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.

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

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