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

Key Points

• Director Charles Prober sold 7,930 shares of Life360 on April 13 at an average price of $37.27 under a pre-arranged Rule 10b5-1 plan, trimming his stake by 6.99% to 105,456 shares (worth about $3.93M).
• Life360 stock traded around $42.59 mid-day (52-week range $35.58–$112.54) with a market cap of roughly $3.42B and a P/E of 24.34, while its 50-day and 200-day moving averages are $45.35 and $66.23 respectively.
• Analyst views are mixed—MarketBeat shows a consensus "Moderate Buy" with an average price target of $75.16 after several recent downgrades/target cuts—and institutional investors own about 20% of the stock with some recent modest stake changes.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles Prober sold 7,930 shares of Life360 stock in a transaction on Monday, April 13th. The stock was sold at an average price of $37.27, for a total value of $295,551.10. Following the transaction, the director directly owned 105,456 shares of the company's stock, valued at approximately $3,930,345.12. This represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Price Performance

LIF stock traded up $2.81 during midday trading on Wednesday, hitting $42.59. 620,568 shares of the stock were exchanged, compared to its average volume of 1,336,693. The stock's 50-day moving average price is $45.35 and its 200-day moving average price is $66.23. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 24.34 and a beta of 3.90. Life360, Inc. has a fifty-two week low of $35.58 and a fifty-two week high of $112.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26.

Wall Street Analyst Weigh In

LIF has been the subject of several research reports. Canaccord Genuity Group reduced their price objective on Life360 from $115.00 to $94.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Wall Street Zen cut Life360 from a "buy" rating to a "hold" rating in a report on Sunday, March 8th. Citigroup cut their price target on Life360 from $68.50 to $68.30 and set a "buy" rating for the company in a report on Thursday, April 9th. Stifel Nicolaus cut their price target on Life360 from $92.00 to $76.00 and set a "hold" rating for the company in a report on Tuesday, January 27th. Finally, Citizens Jmp cut Life360 from a "market outperform" rating to a "market perform" rating in a report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Life360 currently has a consensus rating of "Moderate Buy" and an average price target of $75.16.

Hedge Funds Weigh In On Life360

A number of institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its holdings in shares of Life360 by 32.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 14,183 shares of the company's stock worth $910,000 after acquiring an additional 3,436 shares during the last quarter. PEAK6 LLC purchased a new stake in shares of Life360 in the fourth quarter valued at $334,000. Strive Financial Group LLC purchased a new stake in shares of Life360 in the fourth quarter valued at $26,000. Vident Advisory LLC grew its position in shares of Life360 by 11.2% in the fourth quarter. Vident Advisory LLC now owns 14,040 shares of the company's stock valued at $901,000 after purchasing an additional 1,412 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Life360 in the fourth quarter valued at $920,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Company Profile

Life360, Inc NASDAQ: LIF operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company's services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.

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