Insider Selling: Life360 (NASDAQ:LIF) Director Sells $167,880.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of Life360 stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the transaction, the director owned 16,431 shares in the company, valued at approximately $689,609.07. The trade was a 19.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $54.82, for a total value of $219,280.00.
• On Wednesday, July 1st, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $56.07, for a total transaction of $224,280.00.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $44.17 on Friday. The business has a fifty day moving average price of $52.02 and a 200-day moving average price of $46.99. The company has a market capitalization of $3.60 billion, a PE ratio of 25.83 and a beta of 2.24. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46.

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

Hedge Funds Weigh In On Life360

Several hedge funds have recently bought and sold shares of LIF. California State Teachers Retirement System raised its position in Life360 by 5,442.5% in the 2nd quarter. California State Teachers Retirement System now owns 4,801,705 shares of the company’s stock valued at $265,822,000 after purchasing an additional 4,715,070 shares in the last quarter. Norges Bank acquired a new stake in shares of Life360 in the 4th quarter valued at about $47,097,000. Principal Financial Group Inc. boosted its holdings 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 valued at $18,918,000 after acquiring an additional 379,941 shares during the period. Franklin Resources Inc. boosted its stake in Life360 by 86.3% during the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after purchasing an additional 352,110 shares during the period. Finally, Greenspring Advisors LLC purchased a new position in shares of Life360 during the fourth quarter worth about $21,720,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LIF shares. Evercore set a $68.00 target price on Life360 in a research report on Tuesday, May 12th. DA Davidson boosted their price target on Life360 from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Life360 from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Citigroup dropped their target price on Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Morgan Stanley set a $65.20 price target on shares of Life360 in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.72.

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.