Lauren Antonoff Sells 4,546 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 4,546 shares of Life360 stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $38.64, for a total value of $175,657.44. Following the sale, the chief operating officer now directly owns 317,802 shares in the company, valued at $12,279,869.28. The trade was a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Lauren Antonoff also recently made the following trade(s):

• On Thursday, March 6th, Lauren Antonoff sold 13,106 shares of Life360 stock. The stock was sold at an average price of $42.08, for a total transaction of $551,500.48.
• On Tuesday, February 25th, Lauren Antonoff sold 14,091 shares of Life360 stock. The shares were sold at an average price of $42.17, for a total transaction of $594,217.47.

Life360 Price Performance

NASDAQ:LIF traded down $1.52 on Wednesday, reaching $39.88. 319,026 shares of the company’s stock were exchanged, compared to its average volume of 359,395. The stock has a fifty day simple moving average of $43.68 and a 200-day simple moving average of $42.88. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.77.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The firm had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. Equities analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on LIF shares. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $55.00 in a report on Friday, January 17th. 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 note on Monday, December 2nd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $47.63.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. bought a new position in shares of Life360 during the third quarter valued at about $3,876,000. FMR LLC grew its position in Life360 by 6.1% during the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after acquiring an additional 86,917 shares during the last quarter. State Street Corp purchased a new position in Life360 in the 3rd quarter worth approximately $2,393,000. Cherrydale Wealth Management LLC bought a new stake in Life360 in the fourth quarter valued at approximately $340,000. Finally, JPMorgan Chase & Co. lifted its position in Life360 by 295.6% in the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock valued at $514,000 after purchasing an additional 9,754 shares during the last quarter. 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.