Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan Sells 3,125 Shares

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Philip Coghlan sold 3,125 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $61.03, for a total transaction of $190,718.75. Following the completion of the sale, the director now directly owns 29,778 shares of the company's stock, valued at approximately $1,817,351.34. This represents a 9.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

John Philip Coghlan also recently made the following trade(s):

• On Thursday, May 1st, John Philip Coghlan sold 3,125 shares of Life360 stock. The shares were sold at an average price of $43.30, for a total transaction of $135,312.50.
• On Tuesday, April 1st, John Philip Coghlan sold 3,125 shares of Life360 stock. The shares were sold at an average price of $37.86, for a total transaction of $118,312.50.

Life360 Stock Performance

Shares of LIF stock traded down $0.30 during midday trading on Friday, hitting $64.74. 66,049 shares of the company were exchanged, compared to its average volume of 609,950. The firm has a market capitalization of $4.95 billion and a P/E ratio of 719.33. The firm's 50 day moving average price is $47.09 and its two-hundred day moving average price is $44.83. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $65.79.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.72% and a negative return on equity of 4.03%. The firm had revenue of $103.62 million during the quarter, compared to the consensus estimate of $101.48 million. Analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Life360

A number of large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund purchased a new position in shares of Life360 in the fourth quarter worth about $25,000. Summit Investment Advisors Inc. lifted its position in Life360 by 82.3% during 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 during the last quarter. GAMMA Investing LLC lifted its position in Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after purchasing an additional 2,116 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position 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 valued at $84,000 after purchasing an additional 1,978 shares during the last quarter. Finally, KBC Group NV bought a new stake in Life360 during the fourth quarter valued at approximately $147,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. UBS Group boosted their price objective on shares of Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Stifel Nicolaus lowered their price objective on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Loop Capital boosted 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. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Life360 presently has an average rating of "Buy" and an average target price 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.