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

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $40.37, for a total transaction of $161,480.00. Following the completion of the transaction, the director directly owned 12,431 shares of the company’s stock, valued at $501,839.47. The trade was a 24.34% 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.

John Philip Coghlan also recently made the following trade(s):

• On Tuesday, September 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00.
• On Monday, August 3rd, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $54.82, for a total transaction of $219,280.00.

Life360 Trading Down 1.2%

Shares of NASDAQ LIF traded down $0.53 during midday trading on Monday, reaching $42.57. 606,631 shares of the stock were exchanged, compared to its average volume of 978,701. The stock has a 50 day moving average price of $46.80 and a 200-day moving average price of $46.15. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.47 billion, a P/E ratio of 24.89 and a beta of 2.27. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $158.96 million for the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Equities research analysts expect that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life360

Institutional investors have recently made changes to their positions in the company. Eventide Asset Management LLC increased its stake in Life360 by 6.1% during the fourth quarter. Eventide Asset Management LLC now owns 8,319 shares of the company’s stock valued at $539,000 after purchasing an additional 478 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of Life360 in the 4th quarter valued at about $32,000. GAMMA Investing LLC grew its position in shares of Life360 by 44.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock valued at $103,000 after buying an additional 569 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Life360 by 2.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 25,300 shares of the company’s stock valued at $1,401,000 after buying an additional 600 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Life360 by 1.3% during the fourth quarter. Legal & General Group Plc now owns 70,709 shares of the company’s stock worth $4,535,000 after acquiring an additional 875 shares during the period. 20.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LIF shares. UBS Group dropped their target price on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. DA Davidson restated a “neutral” rating and issued a $40.00 price target on shares of Life360 in a report on Tuesday, September 29th. Wall Street Zen raised shares of Life360 from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th. Bank of America lifted 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. Finally, Morgan Stanley set a $65.20 price target on Life360 in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.94.

About Life360

Life360, Inc is a technology company that develops products designed to help families and groups stay connected, coordinate activities and improve personal safety. Its flagship Life360 mobile application provides location sharing, communication tools, driving-related features, emergency assistance and other services intended for family and community use.

The company also operates Tile, a brand of Bluetooth-enabled item-finding devices and related software that helps users locate keys, luggage, electronics and other belongings.