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

Key Points

• Life360's CFO, Russell John Burke, sold 3,104 shares at an average price of $75.87, amounting to approximately $235,500, and now holds 196,418 shares valued at about $14.9 million.
• The company reported $0.05 EPS for the last quarter, exceeding analysts' expectations, with a revenue of $103.62 million.
• Several institutional investors significantly increased their stakes in Life360, with GAMMA Investing LLC growing their position by 2,938.9% during the first quarter.

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, July 24th. The shares were sold at an average price of $75.87, for a total transaction of $235,500.48. Following the transaction, the chief financial officer owned 196,418 shares in the company, valued at $14,902,233.66. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, July 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $63.98, for a total transaction of $198,593.92.
• On Friday, June 27th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $61.95, for a total transaction of $192,292.80.
• On Tuesday, June 10th, Russell John Burke sold 3,030 shares of Life360 stock. The shares were sold at an average price of $64.13, for a total transaction of $194,313.90.
• 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 transaction of $186,457.28.

Life360 Price Performance

Shares of LIF stock traded up $1.47 during mid-day trading on Friday, hitting $76.81. 523,956 shares of the stock traded hands, compared to its average volume of 783,179. Life360, Inc. has a 52-week low of $28.94 and a 52-week high of $77.11. The stock has a market cap of $5.88 billion and a P/E ratio of 502.27. The stock's fifty day moving average is $64.58 and its two-hundred day moving average is $49.96.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.09. The business had revenue of $103.62 million for the quarter, compared to analysts' expectations of $101.48 million. Life360 had a net margin of 2.42% and a return on equity of 4.05%. As a group, equities analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Keystone Financial Group Inc. acquired a new position in Life360 in the 2nd quarter valued at about $62,000. Summit Investment Advisors Inc. grew its position in Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after acquiring an additional 484 shares in the last quarter. GAMMA Investing LLC grew its position in Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after acquiring an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of 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 buying an additional 1,978 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Life360 by 433.3% during the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company's stock worth $123,000 after buying an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price 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. Citigroup reaffirmed an "outperform" rating on shares of Life360 in a research note on Monday, June 16th. JMP Securities upped their price objective on shares of Life360 from $55.00 to $62.00 and gave the stock a "market outperform" rating in a research note on Monday, June 16th. Loop Capital upped their price objective on shares of Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Finally, UBS Group upped their price objective on shares of Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $59.50.

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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