Insider Selling: Life360, Inc. (NASDAQ:LIF) Director Sells 3,125 Shares of 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 stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $73.56, for a total value of $229,875.00. Following the sale, the director owned 12,500 shares of the company's stock, valued at approximately $919,500. The trade was a 20.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value 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 value of $190,718.75.

Life360 Price Performance

Life360 stock traded down $1.42 during mid-day trading on Friday, hitting $73.85. 522,451 shares of the company's stock traded hands, compared to its average volume of 699,969. The firm has a 50 day simple moving average of $67.73 and a two-hundred day simple moving average of $52.52. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $78.32. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 820.56 and a beta of 3.46.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating 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 net margin of 2.42% and a return on equity of 4.05%. On average, research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Life360

A number of hedge funds have recently bought and sold shares of LIF. Corebridge Financial Inc. increased its stake in Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock worth $210,000 after acquiring an additional 1,987 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Life360 by 156.0% during the 4th quarter. JPMorgan Chase & Co. now owns 33,421 shares of the company's stock worth $1,379,000 after purchasing an additional 20,367 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in shares of Life360 in the fourth quarter worth $365,000. Arrowstreet Capital Limited Partnership raised its stake in Life360 by 403.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 43,058 shares of the company's stock valued at $1,777,000 after purchasing an additional 34,508 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Life360 by 402.9% in 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 in the last quarter. 20.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen cut Life360 from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. UBS Group increased their price objective on shares of Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a report on Monday, June 16th. Citigroup assumed coverage on shares of Life360 in a report on Thursday, July 31st. They set a "buy" rating and a $90.00 target price for the company. Loop Capital increased their price target on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, JMP Securities lifted their price objective on Life360 from $55.00 to $62.00 and gave the stock a "market outperform" rating in a research note on Monday, June 16th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Life360 presently has a consensus 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.