Life360 (NASDAQ:LIF) Director Chris Hulls Sells 27,000 Shares

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 27,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $63.34, for a total transaction of $1,710,180.00. Following the sale, the director owned 419,554 shares of the company’s stock, valued at $26,574,550.36. This trade represents a 6.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 18th, Chris Hulls sold 16,042 shares of Life360 stock. The stock was sold at an average price of $47.07, for a total transaction of $755,096.94.
• 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.

Life360 Trading Down 3.9%

Shares of LIF stock opened at $61.45 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 35.52 and a beta of 2.35. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $112.54. The firm has a fifty day moving average price of $51.65 and a 200-day moving average price of $48.30.

Hedge Funds Weigh In On Life360

Several large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Life360 by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock worth $237,000 after purchasing an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Life360 by 12.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock valued at $5,327,000 after purchasing an additional 15,420 shares during the period. Strs Ohio purchased a new position in Life360 in the 1st quarter worth approximately $157,000. New York State Common Retirement Fund lifted its holdings in Life360 by 59.4% in the 2nd quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock worth $333,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Life360 by 1,065.1% in the 2nd quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock worth $10,699,000 after purchasing an additional 149,896 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Key Life360 News

Here are the key news stories impacting Life360 this week:

• Positive Sentiment: Analyst commentary remains optimistic. Macquarie reportedly sees additional upside for Life360, while broader coverage assigns the company a consensus “Moderate Buy” rating. How high does Macquarie think Life360 shares will go? Life360 receives consensus Moderate Buy recommendation
• Positive Sentiment: A recent investment article argues that Life360 could be a strong buy this month, reflecting continued confidence in the company’s growth prospects and recurring subscription model. Why Life360 shares could be a strong buy this month
• Neutral Sentiment: Investors are also considering whether Life360 remains attractive alongside other technology stocks such as Xero. The discussion highlights potential upside but also reinforces the need to assess valuation and execution risk. Should you buy Life360 and Xero shares in August?
• Negative Sentiment: Three directors sold a combined 41,701 shares for approximately $2.57 million. Chris Hulls sold 27,000 shares, Brit Morin sold 10,701, and John Philip Coghlan sold 4,000. Each transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but the insider selling may still weigh on sentiment.

Wall Street Analyst Weigh In

A number of brokerages have commented on LIF. UBS Group reduced their price target on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Evercore set a $68.00 target price on shares of Life360 in a report on Tuesday, May 12th. Weiss Ratings cut shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Finally, Citigroup lifted their price target on shares of Life360 from $60.15 to $66.65 and gave the company a “buy” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.81.

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.