Life360 (NASDAQ:LIF) Director Charles Prober Sells 7,930 Shares

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $46.07, for a total transaction of $365,335.10. Following the sale, the director owned 109,911 shares of the company’s stock, valued at approximately $5,063,599.77. The trade was a 6.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Performance

Life360 stock traded up $0.08 during trading on Wednesday, hitting $47.04. The stock had a trading volume of 664,184 shares, compared to its average volume of 1,125,614. The stock’s 50 day moving average is $43.36 and its two-hundred day moving average is $51.78. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $112.54. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 27.19 and a beta of 2.62. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Life360 by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after acquiring an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 in the last quarter. Strs Ohio purchased a new position in shares of Life360 during the 1st quarter valued at $157,000. New York State Common Retirement Fund grew its position in Life360 by 59.4% during the second quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock worth $333,000 after buying an additional 1,900 shares in the last quarter. Finally, Invesco Ltd. grew its position in Life360 by 1,065.1% during the second quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock worth $10,699,000 after buying an additional 149,896 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LIF shares. Citigroup reiterated a “buy” rating on shares of Life360 in a research note on Monday, June 8th. DA Davidson restated a “neutral” rating and issued a $40.00 price objective on shares of Life360 in a research note on Wednesday, May 13th. Evercore set a $68.00 price objective on Life360 in a research note on Tuesday, May 12th. Macquarie Infrastructure began coverage on shares of Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price for the company. Finally, Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Life360 currently has an average rating of “Moderate Buy” and a consensus price target of $63.94.

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.