Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke Sells 3,030 Shares

Life360, Inc. (NASDAQ:LIF - Get Free Report) CFO Russell John Burke sold 3,030 shares of Life360 stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $64.13, for a total transaction of $194,313.90. Following the transaction, the chief financial officer now directly owns 195,730 shares of the company's stock, valued at $12,552,164.90. This represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Russell John Burke also recently made the following trade(s):

• On Friday, May 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $60.07, for a total value of $186,457.28.
• On Thursday, April 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $39.21, for a total transaction of $121,707.84.
• On Thursday, April 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $34.39, for a total transaction of $106,746.56.
• On Monday, March 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $39.35, for a total value of $122,142.40.

Life360 Stock Performance

NASDAQ:LIF traded down $2.12 during mid-day trading on Friday, reaching $61.09. 758,116 shares of the company's stock were exchanged, compared to its average volume of 455,098. Life360, Inc. has a one year low of $28.89 and a one year high of $65.79. The business's fifty day simple moving average is $50.44 and its two-hundred day simple moving average is $45.66. The firm has a market capitalization of $4.68 billion and a PE ratio of 678.78.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. As a group, equities research analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

LIF has been the subject of a number of recent research reports. Canaccord Genuity Group increased their price objective on shares of Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Stifel Nicolaus reduced their price target on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Loop Capital raised their price target on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, UBS Group boosted their price target on Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $51.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LIF. Vanguard Group Inc. raised its stake in shares of Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock worth $218,194,000 after purchasing an additional 5,540,302 shares during the period. Franklin Resources Inc. lifted its holdings in Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after purchasing an additional 432,292 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Life360 by 320.0% during the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock valued at $21,087,000 after acquiring an additional 418,493 shares in the last quarter. Marshall Wace LLP grew its position in shares of Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock valued at $16,975,000 after purchasing an additional 190,422 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Life360 by 1,233.3% during the fourth quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock worth $8,286,000 after purchasing an additional 185,722 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.