Insider Selling: Life360, Inc. (NASDAQ:LIF) Director Sells 7,930 Shares of Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles J. Prober sold 7,930 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $64.41, for a total transaction of $510,771.30. Following the transaction, the director owned 105,456 shares of the company's stock, valued at approximately $6,792,420.96. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Life360 Price Performance

Shares of Life360 stock traded up $1.98 during trading on Wednesday, reaching $70.44. 708,363 shares of the company traded hands, compared to its average volume of 500,597. Life360, Inc. has a 1-year low of $28.94 and a 1-year high of $70.43. The company has a 50 day moving average price of $61.50 and a 200-day moving average price of $48.48. The firm has a market capitalization of $5.39 billion and a PE ratio of 782.67.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a net margin of 2.42% and a return on equity of 4.05%. The firm had revenue of $103.62 million for the quarter, compared to the consensus estimate of $101.48 million. Equities research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LIF shares. Canaccord Genuity Group set a $75.00 price objective on shares of Life360 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. UBS Group upped their price objective on shares of Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Citigroup reaffirmed an "outperform" rating on shares of Life360 in a research note on Monday, June 16th. Stifel Nicolaus reduced 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 upped their price objective on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Life360 has an average rating of "Buy" and a consensus price target of $59.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of Life360 by 1,007.8% in the fourth quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock valued at $5,397,000 after purchasing an additional 118,974 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Life360 by 203.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 42,186 shares of the company's stock valued at $1,741,000 after purchasing an additional 28,279 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Life360 in the fourth quarter valued at about $334,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Life360 in the fourth quarter valued at about $797,000. Finally, Swiss National Bank purchased a new stake in shares of Life360 in the fourth quarter valued at about $5,717,000. Institutional investors and hedge funds own 20.00% of the company's stock.

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.

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