Life360, Inc. (NASDAQ:LIF) Director Sells $229,875.00 in Stock

Key Points

• John Philip Coghlan, a director at Life360, Inc., sold 3,125 shares of the company at an average price of $73.56, resulting in a total value of $229,875 and reducing his ownership by 20%.
• Life360's stock traded at $75.85, with a market capitalization of $5.80 billion and a price-to-earnings ratio of 513.20, exhibiting significant price movements over the past year.
• Recent analyst ratings show a mix of upgrades and downgrades, with target prices ranging from $52.00 to $86.00 and an overall average rating of "Moderate Buy."

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Philip Coghlan sold 3,125 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $73.56, for a total transaction of $229,875.00. Following the sale, the director directly owned 12,500 shares in the company, valued at approximately $919,500. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Philip Coghlan also recently made the following trade(s):

• On Tuesday, July 1st, John Philip Coghlan sold 3,125 shares of Life360 stock. The shares were sold at an average price of $65.93, for a total transaction of $206,031.25.
• On Monday, June 2nd, John Philip Coghlan sold 3,125 shares of Life360 stock. The shares were sold at an average price of $61.03, for a total transaction of $190,718.75.

Life360 Price Performance

NASDAQ LIF traded down $2.48 during trading hours on Thursday, hitting $75.27. The company's stock had a trading volume of 859,830 shares, compared to its average volume of 651,195. Life360, Inc. has a 12 month low of $29.12 and a 12 month high of $78.32. The company's 50 day simple moving average is $67.29 and its two-hundred day simple moving average is $52.10. The company has a market cap of $5.76 billion, a P/E ratio of 836.33 and a beta of 3.46.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data 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 return on equity of 4.05% and a net margin of 2.42%. The company had revenue of $103.62 million during the quarter, compared to the consensus estimate of $101.48 million. As a group, research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life360

A number of large investors have recently made changes to their positions in LIF. Vanguard Group Inc. lifted its position in shares of Life360 by 3,865.6% during the 1st 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 in the last quarter. Franklin Resources Inc. lifted its holdings in Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after purchasing an additional 432,292 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Life360 by 320.0% in the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after purchasing an additional 418,493 shares in the last quarter. Marshall Wace LLP lifted its holdings in Life360 by 86.2% in the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock worth $16,975,000 after purchasing an additional 190,422 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in Life360 by 1,233.3% in the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock worth $8,286,000 after acquiring an additional 185,722 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JMP Securities upped their price objective on shares of Life360 from $55.00 to $62.00 and gave the stock a "market outperform" rating in a research report on Monday, June 16th. UBS Group upped their price objective on shares of Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Stifel Nicolaus upped their price objective on shares of Life360 from $48.00 to $87.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Citigroup started coverage on shares of Life360 in a research report on Thursday, July 31st. They issued a "buy" rating and a $90.00 price objective on the stock. Finally, Canaccord Genuity Group upped their target price on Life360 from $75.00 to $86.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $71.00.

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.