Life360 (NASDAQ:LIF) Stock: Insider Alex Haro Sells 50,000 Shares

Key Points

• Life360 Director Alex Haro sold 50,000 shares at an average price of $41.44, generating $2.07 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan and reduced Haro’s ownership by 4.72%.
• Life360 shares traded around $41.88, well below their 50-day and 200-day moving averages of roughly $46. The stock has a market capitalization of $3.41 billion and has ranged from $37.01 to $109.48 over the past year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $59.94, despite Life360’s latest quarterly EPS missing estimates.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Alex Haro sold 50,000 shares of the business's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $41.44, for a total transaction of $2,072,000.00. Following the transaction, the director owned 1,010,303 shares in the company, valued at approximately $41,866,956.32. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alex Haro also recently made the following trade(s):

• On Monday, September 21st, Alex Haro sold 50,000 shares of Life360 stock. The shares were sold at an average price of $40.88, for a total transaction of $2,044,000.00.

Life360 Stock Performance

Shares of LIF traded up $0.64 during midday trading on Thursday, reaching $41.88. The stock had a trading volume of 621,634 shares, compared to its average volume of 973,043. The firm has a 50 day simple moving average of $45.99 and a 200-day simple moving average of $46.17. Life360, Inc. has a one year low of $37.01 and a one year high of $109.48. The firm has a market cap of $3.41 billion, a PE ratio of 24.49 and a beta of 2.27. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LIF. Pacer Advisors Inc. bought a new position in shares of Life360 during the first quarter worth about $76,000. Royal Bank of Canada grew its holdings in shares of Life360 by 85.5% during the first quarter. Royal Bank of Canada now owns 2,059 shares of the company's stock valued at $84,000 after buying an additional 949 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Life360 by 44.0% in the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company's stock worth $103,000 after purchasing an additional 569 shares during the last quarter. Nykredit A S bought a new position in Life360 during the 2nd quarter valued at $126,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Life360 during the first quarter valued at about $153,000. Institutional investors and hedge funds own 20.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LIF. Morgan Stanley set a $65.20 price objective on shares of Life360 in a research report on Wednesday, August 12th. Bank of America upped their price target on shares of Life360 from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. DA Davidson reissued a "neutral" rating and issued a $40.00 price target on shares of Life360 in a report on Tuesday, September 29th. Citigroup reduced their price objective on Life360 from $66.65 to $60.10 and set a "buy" rating for the company in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded Life360 from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.94.

Life360 Company Profile

Life360, Inc is a technology company that develops products designed to help families and groups stay connected, coordinate activities and improve personal safety. Its flagship Life360 mobile application provides location sharing, communication tools, driving-related features, emergency assistance and other services intended for family and community use.

The company also operates Tile, a brand of Bluetooth-enabled item-finding devices and related software that helps users locate keys, luggage, electronics and other belongings.

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