Life360 (NASDAQ:LIF) Director Chris Hulls Sells 16,042 Shares

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 16,042 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $47.07, for a total transaction of $755,096.94. Following the transaction, the director owned 406,899 shares of the company’s stock, valued at approximately $19,152,735.93. The trade was a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 shares were 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 Price Performance

LIF stock opened at $46.94 on Wednesday. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The company’s fifty day simple moving average is $44.06 and its 200 day simple moving average is $50.77. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 27.13 and a beta of 2.62.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LIF. Vanguard Group Inc. raised 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 worth $879,305,000 after acquiring an additional 1,260,236 shares during the last quarter. Norges Bank acquired a new position in Life360 during the 4th quarter valued at about $47,097,000. Citigroup Inc. increased its holdings 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 in the last quarter. American Century Companies Inc. bought a new stake in Life360 during the 3rd quarter worth approximately $44,632,000. Finally, Principal Financial Group Inc. raised its stake in shares of Life360 by 455.0% in the first 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. 20.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LIF has been the topic of several recent analyst reports. Evercore set a $68.00 price target on Life360 in a research note on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of Life360 in a research report on Monday, June 8th. Bank of America began coverage on shares of Life360 in a report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price target for the company. Finally, Weiss Ratings lowered shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.17.

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.