John Philip Coghlan Sells 4,000 Shares of Life360 (NASDAQ:LIF) Stock

Key Points

• Life360 director John Philip Coghlan sold 4,000 shares on May 1 at an average price of $44.16 for $176,640, cutting his stake by about 10.98% to 32,431 shares; the sale was executed under a pre-arranged Rule 10b5-1 trading plan.
• Shares traded down roughly 3.8% to $44.52 on recent trading with 441,669 shares changing hands; Life360 has a market cap of $3.59 billion and a 52-week range of $37.01–$112.54.
• Analyst sentiment is mixed but the consensus is a “Moderate Buy” with an average price target of $69.35 after several firms lowered ratings or price objectives.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Philip Coghlan sold 4,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $44.16, for a total transaction of $176,640.00. Following the sale, the director owned 32,431 shares of the company's stock, valued at approximately $1,432,152.96. This trade represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $41.32, for a total transaction of $165,280.00.

Life360 Trading Down 3.8%

Shares of LIF traded down $1.76 during trading hours on Tuesday, hitting $44.52. 441,669 shares of the stock were exchanged, compared to its average volume of 1,245,374. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The company has a debt-to-equity ratio of 0.57, a current ratio of 6.26 and a quick ratio of 6.16. The business has a 50-day moving average of $43.70 and a 200-day moving average of $61.09. The firm has a market capitalization of $3.59 billion, a P/E ratio of 25.44 and a beta of 2.81.

Analysts Set New Price Targets

LIF has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of Life360 from $68.50 to $68.30 and set a "buy" rating for the company in a research report on Thursday, April 9th. DA Davidson cut shares of Life360 from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $70.00 to $40.00 in a research report on Thursday, March 19th. Wall Street Zen cut shares of Life360 from a "buy" rating to a "hold" rating in a research report on Sunday, March 8th. Canaccord Genuity Group decreased their price objective on shares of Life360 from $115.00 to $94.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Finally, Citizens Jmp cut shares of Life360 from a "market outperform" rating to a "market perform" rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $69.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LIF. Vanguard Group Inc. boosted its stake in Life360 by 18.0% during the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company's stock worth $879,305,000 after acquiring an additional 1,260,236 shares in the last quarter. Norges Bank bought a new position in Life360 during the fourth quarter worth $47,097,000. Citigroup Inc. boosted its stake in Life360 by 158.4% during the third quarter. Citigroup Inc. now owns 749,569 shares of the company's stock worth $79,679,000 after acquiring an additional 459,463 shares in the last quarter. American Century Companies Inc. bought a new position in Life360 during the third quarter worth $44,632,000. Finally, Principal Financial Group Inc. boosted its stake in Life360 by 455.0% during the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company's stock worth $18,918,000 after acquiring an additional 379,941 shares in the last quarter. 20.00% of the stock is owned by institutional investors.

About Life360

Life360, Inc NASDAQ: LIF operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company's services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.

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