Insider Selling: Life360, Inc. (NASDAQ:LIF) General Counsel Sells 500 Shares of Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $40.26, for a total transaction of $20,130.00. Following the completion of the transaction, the general counsel now directly owns 85,752 shares of the company’s stock, valued at $3,452,375.52. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Life360 Stock Down 2.3 %

Shares of Life360 stock traded down $0.93 during trading on Thursday, reaching $38.95. The company’s stock had a trading volume of 348,390 shares, compared to its average volume of 359,424. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.77. The company has a 50-day simple moving average of $43.68 and a two-hundred day simple moving average of $42.88.

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

Institutional Trading of Life360

Several large investors have recently bought and sold shares of LIF. WealthPlan Investment Management LLC lifted its stake in shares of Life360 by 2.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock worth $412,000 after buying an additional 247 shares during the period. Summit Investment Advisors Inc. raised its stake in Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after acquiring an additional 484 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Life360 during the 4th quarter worth about $25,000. Corebridge Financial Inc. grew its stake in Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock valued at $210,000 after purchasing an additional 1,987 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Life360 in the third quarter valued at about $98,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LIF shares. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Canaccord Genuity Group lifted their target price on Life360 from $54.00 to $58.00 and gave the company 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Life360 currently has a consensus rating of “Buy” and an average price target of $47.63.

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.