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 stock in a transaction dated 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 sale, the general counsel now owns 106,422 shares of the company's stock, valued at approximately $6,633,283.26. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Life360 Stock Performance

LIF traded up $0.96 on Friday, reaching $62.12. The company had a trading volume of 1,405,612 shares, compared to its average volume of 473,092. The business has a 50 day simple moving average of $55.68 and a 200 day simple moving average of $46.57. The company has a market cap of $4.75 billion and a price-to-earnings ratio of 690.22. Life360, Inc. has a 52-week low of $28.94 and a 52-week high of $65.79.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS 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. As a group, equities research analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on LIF. Loop Capital increased their target price on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. UBS Group increased their target price on shares of Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a report on Monday, June 16th. Canaccord Genuity Group increased their target price on shares of Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. 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 report on Wednesday, April 23rd. Finally, Citigroup reiterated an "outperform" rating on shares of Life360 in a report on Monday, June 16th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Life360 presently has a consensus rating of "Buy" and an average price target of $58.67.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LIF. New York State Common Retirement Fund bought a new stake in Life360 in the fourth quarter valued at $25,000. Summit Investment Advisors Inc. boosted its holdings in 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 acquiring an additional 484 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Life360 by 2,938.9% in the first 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 boosted its holdings in Life360 by 937.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock valued at $84,000 after acquiring an additional 1,978 shares in the last quarter. Finally, Strs Ohio bought a new stake in Life360 in the first quarter valued at $157,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

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.