Insider Selling: Life360 (NASDAQ:LIF) Director Sells $167,880.00 in Stock

Key Points

• Life360 Director John Coghlan sold 4,000 shares for $167,880 at an average price of $41.97 under a pre-arranged Rule 10b5-1 plan, reducing his direct holdings by 19.58% to 16,431 shares.
• Life360 shares rose 1.6% to $43.88, but remain below their 50-day moving average of $52.30. The company recently reported quarterly EPS of $0.06, missing estimates, while revenue of $158.96 million exceeded expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $60.72, despite mixed revisions; institutional investors own approximately 20% of the company.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Coghlan sold 4,000 shares of the company's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $41.97, for a total value of $167,880.00. Following the completion of the transaction, the director directly owned 16,431 shares in the company, valued at $689,609.07. This trade represents a 19.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Philip Coghlan also recently made the following trade(s):

• On Monday, August 3rd, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $54.82, for a total transaction of $219,280.00.
• On Wednesday, July 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $56.07, for a total transaction of $224,280.00.

Life360 Trading Up 1.6%

Shares of NASDAQ LIF traded up $0.71 during mid-day trading on Thursday, reaching $43.88. The company had a trading volume of 430,290 shares, compared to its average volume of 1,026,910. The business's 50-day moving average is $52.30 and its 200-day moving average is $47.05. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 25.66 and a beta of 2.25. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The company had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Equities analysts expect that Life360, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup lowered their price target on Life360 from $66.65 to $60.10 and set a "buy" rating for the company in a report on Thursday, August 13th. DA Davidson raised their price objective on Life360 from $42.00 to $47.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Morgan Stanley set a $65.20 target price on Life360 in a research report on Wednesday, August 12th. Bank of America upped their target price on Life360 from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Finally, Evercore set a $68.00 price target on Life360 in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Life360 has a consensus rating of "Moderate Buy" and an average target price of $60.72.

Hedge Funds Weigh In On Life360

Large investors have recently bought and sold shares of the business. Wilson Asset Management International PTY Ltd. lifted its stake in shares of Life360 by 108.6% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company's stock worth $3,207,000 after purchasing an additional 26,028 shares during the last quarter. California State Teachers Retirement System boosted its position in Life360 by 23.5% during the first quarter. California State Teachers Retirement System now owns 86,635 shares of the company's stock valued at $3,536,000 after purchasing an additional 16,461 shares in the last quarter. Greenspring Advisors LLC purchased a new position in Life360 in the fourth quarter valued at about $21,720,000. XY Capital Ltd purchased a new position in Life360 in the fourth quarter valued at about $6,063,000. Finally, Milford Funds Ltd. purchased a new position in Life360 in the fourth quarter valued at about $9,604,000. Institutional investors own 20.00% of the company's stock.

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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