Charles J. Prober Sells 7,930 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction on Monday, July 14th. The stock was sold at an average price of $64.41, for a total value of $510,771.30. Following the sale, the director directly owned 105,456 shares of the company's stock, valued at approximately $6,792,420.96. This trade represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Life360 Stock Performance

NASDAQ LIF traded up $2.61 during trading hours on Friday, hitting $74.03. 168,295 shares of the company traded hands, compared to its average volume of 503,334. The business's 50-day moving average is $62.53 and its 200-day moving average is $48.83. Life360, Inc. has a twelve month low of $28.94 and a twelve month high of $74.46. The stock has a market capitalization of $5.67 billion and a price-to-earnings ratio of 825.52.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.09. Life360 had a return on equity of 4.05% and a net margin of 2.42%. The firm had revenue of $103.62 million during the quarter, compared to analysts' expectations of $101.48 million. Analysts predict that Life360, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

LIF has been the subject of several recent analyst reports. Citigroup restated an "outperform" rating on shares of Life360 in a report on Monday, June 16th. Canaccord Genuity Group set a $75.00 price target on Life360 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Stifel Nicolaus reduced their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. JMP Securities upped their price objective on Life360 from $55.00 to $62.00 and gave the stock a "market outperform" rating in a research report on Monday, June 16th. Finally, UBS Group upped their price objective on Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Life360 has an average rating of "Buy" and a consensus target price of $59.50.

Institutional Trading of Life360

Institutional investors and hedge funds have recently bought and sold shares of the business. Summit Investment Advisors Inc. raised its stake in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after buying an additional 484 shares during the period. GAMMA Investing LLC raised its stake in Life360 by 2,938.9% in the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after buying an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Life360 by 937.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock valued at $84,000 after buying an additional 1,978 shares during the period. New York State Common Retirement Fund raised its stake in Life360 by 433.3% in the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company's stock valued at $123,000 after buying an additional 2,600 shares during the period. Finally, Strs Ohio bought a new position in shares of Life360 during the first quarter worth approximately $157,000. 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.