Life360 (NASDAQ:LIF) Stock: Insider Alex Haro Sells 50,000 Shares

Life360, Inc. (NASDAQ:LIF) Director Alex Haro sold 50,000 shares of Life360 stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $41.44, for a total value of $2,072,000.00. Following the sale, the director owned 1,010,303 shares in the company, valued at $41,866,956.32. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alex Haro also recently made the following trade(s):

• On Monday, September 21st, Alex Haro sold 50,000 shares of Life360 stock. The stock was sold at an average price of $40.88, for a total value of $2,044,000.00.

Life360 Stock Performance

Shares of NASDAQ:LIF traded up $0.64 during midday trading on Thursday, reaching $41.88. The company had a trading volume of 621,634 shares, compared to its average volume of 973,043. The company’s 50 day moving average price is $45.99 and its 200 day moving average price is $46.17. 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 stock has a market cap of $3.41 billion, a P/E ratio of 24.49 and a beta of 2.27. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $109.48.

Life360 (NASDAQ:LIF) last released its earnings results on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Life360 had a net margin of 25.73% and a return on equity of 5.66%. The company had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. As a group, sell-side analysts anticipate that Life360, Inc. will post 0.53 EPS for the current fiscal year.

Institutional Trading of Life360

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of Life360 by 44.0% during the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after purchasing an additional 569 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Life360 in the first quarter valued at approximately $76,000. Royal Bank of Canada lifted its position in Life360 by 85.5% during the first quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock valued at $84,000 after purchasing an additional 949 shares during the last quarter. Nykredit A S bought a new stake in Life360 during the second quarter valued at approximately $126,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Life360 during the 2nd quarter valued at $178,000. Institutional investors own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on LIF shares. Wall Street Zen raised shares of Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. UBS Group cut their price target on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Citigroup decreased their price objective on Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Bank of America raised their target price on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Morgan Stanley set a $65.20 price target on shares of 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.