Insider Selling: Life360, Inc. (NASDAQ:LIF) CFO Sells 3,104 Shares of Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $39.21, for a total transaction of $121,707.84. Following the sale, the chief financial officer now directly owns 215,291 shares of the company's stock, valued at $8,441,560.11. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 transaction of $122,142.40.
• On Monday, March 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $42.51, for a total transaction of $131,951.04.
• On Monday, February 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $43.60, for a total value of $135,334.40.
• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $44.94, for a total value of $139,493.76.

Life360 Stock Performance

Shares of LIF traded up $0.04 during mid-day trading on Monday, hitting $40.18. 384,509 shares of the company traded hands, compared to its average volume of 379,766. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.77. The business has a 50 day moving average of $39.23 and a 200 day moving average of $42.67.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The business had revenue of $115.53 million for the quarter, compared to analysts' expectations of $114.39 million. As a group, equities analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Trading of Life360

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its position in Life360 by 9.2% in the 4th quarter. Millennium Management LLC now owns 1,114,922 shares of the company's stock worth $46,013,000 after purchasing an additional 94,077 shares in the last quarter. Franklin Resources Inc. grew its position in Life360 by 402.9% during the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after buying an additional 432,292 shares during the period. Marshall Wace LLP increased its holdings in Life360 by 86.2% in the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock valued at $16,975,000 after buying an additional 190,422 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of Life360 by 49.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 303,393 shares of the company's stock worth $12,521,000 after acquiring an additional 100,217 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of Life360 by 19.0% during the 4th quarter. Nuveen Asset Management LLC now owns 232,537 shares of the company's stock worth $9,597,000 after acquiring an additional 37,091 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and increased their target price for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Stifel Nicolaus reduced their price objective on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $47.38.

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.

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