Life360, Inc. (NASDAQ:LIF) General Counsel Sells $31,875.00 in Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) General Counsel Susan L. Stick sold 500 shares of the company's stock in a transaction dated 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 approximately $6,752,527.50. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Life360 Trading Up 4.2%

Life360 stock traded up $2.99 during trading on Friday, reaching $74.41. The company had a trading volume of 607,359 shares, compared to its average volume of 504,893. Life360, Inc. has a 52 week low of $28.94 and a 52 week high of $74.90. The firm's 50-day simple moving average is $62.53 and its 200 day simple moving average is $48.83. The firm has a market capitalization of $5.69 billion and a price-to-earnings ratio of 827.14.

Life360 (NASDAQ:LIF - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.09. Life360 had a return on equity of 4.05% and a net margin of 2.42%. The company had revenue of $103.62 million for the quarter, compared to analysts' expectations of $101.48 million. On average, analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LIF shares. Loop Capital boosted their price target on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. JMP Securities increased their price target on Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a report on Monday, June 16th. UBS Group raised their price target on Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Stifel Nicolaus dropped their price target on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group set a $75.00 price target on Life360 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Life360 currently has an average rating of "Buy" and a consensus price target of $59.50.

Hedge Funds Weigh In On Life360

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings 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 acquiring an additional 5,540,302 shares during the period. Franklin Resources Inc. raised 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 acquiring an additional 432,292 shares during the period. Bank of New York Mellon Corp raised its holdings 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 acquiring an additional 418,493 shares during the period. Marshall Wace LLP raised 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 acquiring an additional 190,422 shares during the period. Finally, Citadel Advisors LLC raised its holdings in Life360 by 1,233.3% during the fourth quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock valued at $8,286,000 after acquiring an additional 185,722 shares during the period. 20.00% of the stock is owned by 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.