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 stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $60.07, for a total value of $186,457.28. Following the completion of the sale, the chief financial officer now directly owns 209,083 shares of the company's stock, valued at approximately $12,559,615.81. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, April 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $39.21, for a total value of $121,707.84.
• On Thursday, April 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $34.39, for a total value 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.
• On Monday, March 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $42.51, for a total value of $131,951.04.

Life360 Stock Up 1.7%

Shares of Life360 stock traded up $1.09 during trading on Friday, reaching $64.13. 3,365,718 shares of the company were exchanged, compared to its average volume of 430,169. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $65.19. The business has a 50-day moving average price of $45.14 and a 200-day moving average price of $44.26. The firm has a market capitalization of $4.91 billion and a price-to-earnings ratio of 712.56.

Life360 (NASDAQ:LIF - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.05 earnings per share (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 during the quarter, compared to analysts' expectations of $101.48 million. On average, equities research analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIF. New York State Common Retirement Fund bought a new stake in shares of Life360 in the fourth quarter valued at about $25,000. Summit Investment Advisors Inc. lifted its holdings in shares of Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC raised its holdings in Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after acquiring an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after acquiring an additional 1,978 shares in the last quarter. Finally, KBC Group NV bought a new stake in Life360 during the fourth quarter worth about $147,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Stifel Nicolaus cut their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. UBS Group lifted their price objective on Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Canaccord Genuity Group lifted their price objective on Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Loop Capital lifted their price objective on Life360 from $52.00 to $58.00 and gave the company 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 currently has an average rating of "Buy" and an average price target of $51.00.

Life360 Company Profile

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.