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

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $45.80, for a total value of $183,200.00. Following the completion of the sale, the director owned 8,431 shares in the company, valued at $386,139.80. The trade was a 32.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $40.37, for a total value of $161,480.00.
• 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 value of $167,880.00.

Life360 Trading Up 6.6%

Life360 stock opened at $48.05 on Thursday. 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 business’s fifty day simple moving average is $42.71 and its two-hundred day simple moving average is $47.04. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $96.66. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 28.10 and a beta of 2.17.

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

Analyst Ratings Changes

Several brokerages have issued reports on LIF. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Life360 in a report on Tuesday, September 29th. UBS Group cut their price target on shares of Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Bank of America raised their price target on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Finally, Morgan Stanley set a $65.20 price objective on Life360 in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Life360 has an average rating of “Moderate Buy” and a consensus target price of $59.93.

Institutional Trading of Life360

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. Sterling Capital Management LLC lifted its position in Life360 by 872.7% during the third quarter. Sterling Capital Management LLC now owns 642 shares of the company’s stock valued at $26,000 after purchasing an additional 576 shares in the last quarter. GAMMA Investing LLC raised 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 purchasing an additional 569 shares during the period. Pacer Advisors Inc. purchased a new position in shares of Life360 during the 1st quarter valued at $76,000. Royal Bank of Canada lifted its stake in shares of Life360 by 85.5% during the 1st quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock valued at $84,000 after buying an additional 949 shares in the last quarter. Finally, Nykredit A S purchased a new position in shares of Life360 during the 2nd quarter valued at $126,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

About Life360

Life360, Inc is a technology company that develops connected safety and security products for families, individuals and pets. Its primary offering is the Life360 mobile application, which provides location sharing, family communication, driving safety tools, emergency assistance and other features intended to help users coordinate and stay connected.

The company also offers services such as crash detection, roadside assistance, SOS support and digital safety features. Through its ownership of Tile, Life360 provides Bluetooth-enabled finding devices and related tracking services for personal belongings.