Life360 (NASDAQ:LIF) Stock: Insider John Philip Coghlan Sells 4,000 Shares

Key Points

• Life360 director John Coghlan sold 4,000 shares for $183,200 at an average price of $45.80. The sale, made under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 32.18% to 8,431 shares.
• Life360 shares rose 6.6% to $48.05 in Wednesday midday trading. The company’s latest reported quarter missed EPS estimates ($0.06 versus $0.08) but exceeded revenue expectations ($158.96 million versus $156.68 million).
• Analysts’ consensus rating was “Moderate Buy”, with an average price target of $59.93; five analysts rated the stock Buy, five Hold, and one Strong Buy.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Coghlan sold 4,000 shares of the business's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $45.80, for a total transaction of $183,200.00. Following the sale, the director owned 8,431 shares in the company, valued at approximately $386,139.80. This trade represents a 32.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 Thursday, October 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $40.37, for a total transaction of $161,480.00.
• On Tuesday, September 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00.

Life360 Stock Up 6.6%

Shares of Life360 stock traded up $2.98 during midday trading on Wednesday, hitting $48.05. The company had a trading volume of 766,925 shares, compared to its average volume of 938,570. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $96.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. The stock has a market capitalization of $3.92 billion, a P/E ratio of 28.10 and a beta of 2.17. The company has a 50 day moving average of $42.64 and a 200 day moving average of $47.10.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $158.96 million for the quarter, compared to analysts' expectations of $156.68 million. On average, equities analysts predict that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Life360 from a "sell" rating to a "hold" rating in a research report on Saturday, September 19th. Morgan Stanley set a $65.20 price objective on shares of Life360 in a research report on Wednesday, August 12th. Citigroup cut their price objective on shares of Life360 from $60.10 to $60.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. Weiss Ratings upgraded shares of Life360 from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. Finally, UBS Group decreased their target price on shares of Life360 from $64.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Life360 has an average rating of "Moderate Buy" and a consensus price target of $59.93.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LIF. The Manufacturers Life Insurance Company purchased a new position in shares of Life360 during the second quarter valued at approximately $1,444,000. California State Teachers Retirement System boosted its holdings in Life360 by 23.5% in the first quarter. California State Teachers Retirement System now owns 86,635 shares of the company's stock worth $3,536,000 after purchasing an additional 16,461 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Life360 in the second quarter worth approximately $15,547,000. Landscape Capital Management L.L.C. bought a new stake in Life360 in the 2nd quarter worth approximately $2,648,000. Finally, Greenspring Advisors LLC bought a new stake in Life360 in the 2nd quarter worth approximately $9,592,000. Hedge funds and other institutional investors own 20.00% of the company's stock.

About Life360

Life360, Inc is a technology company that develops connected safety and security products for families, individuals and pets. Its primary offering is the Life360 mobile application, which provides location sharing, family communication, driving safety tools, emergency assistance and other features intended to help users coordinate and stay connected.

The company also offers services such as crash detection, roadside assistance, SOS support and digital safety features. Through its ownership of Tile, Life360 provides Bluetooth-enabled finding devices and related tracking services for personal belongings.

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