Insider Selling: Life360, Inc. (NASDAQ:LIF) General Counsel Sells 500 Shares of Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) General Counsel Susan L. Stick sold 500 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $62.33, for a total transaction of $31,165.00. Following the completion of the transaction, the general counsel now directly owns 106,422 shares of the company's stock, valued at $6,633,283.26. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Life360 Price Performance

Shares of LIF stock traded up $0.94 on Thursday, hitting $61.16. 541,478 shares of the company's stock were exchanged, compared to its average volume of 467,149. The company has a 50 day moving average of $54.71 and a 200 day moving average of $46.30. The stock has a market cap of $4.68 billion and a P/E ratio of 401.47. Life360, Inc. has a 12 month low of $28.94 and a 12 month high of $65.79.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share 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 analyst estimates of $101.48 million. Life360 had a return on equity of 4.05% and a net margin of 2.42%. Sell-side analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LIF has been the topic of several research reports. 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. Loop Capital boosted their price target on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Stifel Nicolaus reduced 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. JMP Securities lifted their target price on Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a research report on Monday, June 16th. Finally, Citigroup restated an "outperform" rating on shares of Life360 in a research note on Monday, June 16th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Life360 has an average rating of "Buy" and an average price target of $58.67.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently modified their holdings of LIF. Rhumbline Advisers boosted its holdings in shares of Life360 by 83.6% during the 4th quarter. Rhumbline Advisers now owns 12,651 shares of the company's stock worth $522,000 after buying an additional 5,762 shares in the last quarter. New York State Common Retirement Fund acquired a new position in shares of Life360 during the 4th quarter valued at $25,000. Bank of New York Mellon Corp boosted its stake in Life360 by 1,007.8% during the fourth quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock worth $5,397,000 after acquiring an additional 118,974 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Life360 by 203.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 42,186 shares of the company's stock worth $1,741,000 after acquiring an additional 28,279 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Life360 in the fourth quarter worth $334,000. 20.00% of the stock is owned by institutional investors.

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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