John Philip Coghlan Sells 4,000 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $41.32, for a total transaction of $165,280.00. Following the sale, the director owned 36,431 shares in the company, valued at $1,505,328.92. This trade represents a 9.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Performance

Shares of Life360 stock remained flat at $40.43 during trading hours on Friday. The stock had a trading volume of 781,590 shares, compared to its average volume of 2,005,512. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 23.10 and a beta of 3.90. The company has a current ratio of 6.26, a quick ratio of 6.16 and a debt-to-equity ratio of 0.57. Life360, Inc. has a 1-year low of $29.62 and a 1-year high of $112.54. The firm has a 50-day moving average of $48.72 and a two-hundred day moving average of $70.14.

Institutional Investors Weigh In On Life360

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings 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 period. Norges Bank acquired a new stake in Life360 during the 2nd quarter worth $60,369,000. Citigroup Inc. grew its position in Life360 by 158.4% during the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after purchasing an additional 459,463 shares during the last quarter. American Century Companies Inc. acquired a new position in Life360 in the third quarter valued at $44,632,000. Finally, Franklin Resources Inc. increased its stake in Life360 by 86.3% in the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after purchasing an additional 352,110 shares during the period. 20.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LIF shares. UBS Group dropped their target price on Life360 from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Stifel Nicolaus lowered their price target on Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 27th. DA Davidson cut shares of Life360 from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $40.00 in a report on Thursday, March 19th. Finally, Citigroup restated a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Life360 has a consensus rating of “Moderate Buy” and a consensus price target of $76.56.

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.