Susan L. Stick Sells 500 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) General Counsel Susan L. Stick sold 500 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $63.75, for a total transaction of $31,875.00. Following the completion of the transaction, the general counsel owned 105,922 shares in the company, valued at $6,752,527.50. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Life360 Price Performance

Shares of NASDAQ LIF traded up $0.98 during trading on Thursday, hitting $71.42. The stock had a trading volume of 674,958 shares, compared to its average volume of 503,035. Life360, Inc. has a 12 month low of $28.94 and a 12 month high of $73.03. The company has a market capitalization of $5.47 billion and a PE ratio of 793.56. The firm has a fifty day moving average of $62.01 and a two-hundred day moving average of $48.63.

Life360 (NASDAQ:LIF - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.05 earnings per share (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 during the quarter, compared to analyst estimates of $101.48 million. On average, equities analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LIF. Citigroup restated an "outperform" rating on shares of Life360 in a research report on Monday, June 16th. UBS Group boosted their target price on shares of Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Stifel Nicolaus dropped their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Canaccord Genuity Group set a $75.00 target price on shares of Life360 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Loop Capital boosted their price target 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $59.50.

Institutional Trading of Life360

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Life360 by 3,865.6% during the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock valued at $218,194,000 after buying an additional 5,540,302 shares during the period. Millennium Management LLC grew its position in Life360 by 9.2% during the fourth quarter. Millennium Management LLC now owns 1,114,922 shares of the company's stock valued at $46,013,000 after buying an additional 94,077 shares during the period. Bank of New York Mellon Corp grew its position in Life360 by 320.0% during the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock valued at $21,087,000 after buying an additional 418,493 shares during the period. Franklin Resources Inc. lifted its holdings in Life360 by 402.9% during the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after purchasing an additional 432,292 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Life360 by 86.2% during the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock valued at $16,975,000 after purchasing an additional 190,422 shares during the last quarter. Institutional investors own 20.00% of the company's stock.

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.