Life360 (NASDAQ:LIF) CEO Lauren Antonoff Sells 17,153 Shares

Life360, Inc. (NASDAQ:LIF) CEO Lauren Antonoff sold 17,153 shares of Life360 stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $44.86, for a total value of $769,483.58. Following the sale, the chief executive officer owned 288,232 shares of the company’s stock, valued at approximately $12,930,087.52. This represents a 5.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Life360 Trading Down 2.5%

NASDAQ:LIF traded down $1.19 on Tuesday, reaching $46.38. The stock had a trading volume of 1,624,058 shares, compared to its average volume of 1,130,012. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $112.54. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 26.50 and a beta of 3.84. The firm’s fifty day moving average is $56.01 and its two-hundred day moving average is $76.38. The company has a debt-to-equity ratio of 0.57, a current ratio of 6.26 and a quick ratio of 6.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LIF. Strive Financial Group LLC acquired a new position in Life360 in the 4th quarter worth $26,000. SBI Securities Co. Ltd. increased its position in shares of Life360 by 824.1% during the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after acquiring an additional 239 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of Life360 in the fourth quarter worth about $32,000. NewEdge Advisors LLC purchased a new position in Life360 in the third quarter valued at about $32,000. Finally, CWM LLC boosted its holdings in Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LIF shares. Canaccord Genuity Group dropped their target price on Life360 from $115.00 to $94.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Wall Street Zen downgraded shares of Life360 from a “buy” rating to a “hold” rating in a report on Sunday. UBS Group dropped their price target on shares of Life360 from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Citizens Jmp downgraded shares of Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Finally, Stifel Nicolaus lowered their price objective on shares of Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Life360 has a consensus rating of “Moderate Buy” and a consensus target price of $83.31.

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.