Insider Selling: Life360, Inc. (NASDAQ:LIF) General Counsel Sells $118,749.76 in Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 2,822 shares of Life360 stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the transaction, the general counsel now directly owns 86,752 shares of the company’s stock, valued at $3,650,524.16. This trade represents a 3.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Life360 Trading Down 0.2 %

Life360 stock opened at $40.63 on Thursday. The stock has a 50-day moving average price of $44.02 and a 200 day moving average price of $42.75. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, equities research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

LIF has been the subject of several research reports. JMP Securities lifted their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Canaccord Genuity Group lifted their price objective on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $47.63.

Institutional Trading of Life360

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares during the period. Millennium Management LLC grew its holdings in Life360 by 9.2% in the 4th quarter. Millennium Management LLC now owns 1,114,922 shares of the company’s stock valued at $46,013,000 after buying an additional 94,077 shares during the period. Wealthstream Advisors Inc. purchased a new stake in Life360 in the 3rd quarter valued at about $35,538,000. Franklin Resources Inc. grew its holdings in Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock valued at $22,269,000 after buying an additional 432,292 shares during the period. Finally, Marshall Wace LLP grew its holdings in Life360 by 86.2% in the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock valued at $16,975,000 after buying an additional 190,422 shares during the period. Hedge funds and other institutional investors own 20.00% of the company’s stock.

About Life360

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.