Insider Selling: Life360, Inc. (NASDAQ:LIF) COO Sells 4,546 Shares of Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) COO Lauren Antonoff sold 4,546 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $38.78, for a total transaction of $176,293.88. Following the completion of the transaction, the chief operating officer now owns 340,224 shares in the company, valued at approximately $13,193,886.72. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Lauren Antonoff also recently made the following trade(s):

• On Friday, March 28th, Lauren Antonoff sold 5,500 shares of Life360 stock. The shares were sold at an average price of $38.38, for a total transaction of $211,090.00.
• On Monday, March 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The shares were sold at an average price of $38.64, for a total transaction of $175,657.44.
• On Thursday, March 6th, Lauren Antonoff sold 13,106 shares of Life360 stock. The shares were sold at an average price of $42.08, for a total transaction of $551,500.48.
• On Tuesday, February 25th, Lauren Antonoff sold 14,091 shares of Life360 stock. The shares were sold at an average price of $42.17, for a total transaction of $594,217.47.

Life360 Stock Performance

LIF traded up $0.42 during trading on Thursday, hitting $43.32. The stock had a trading volume of 477,968 shares, compared to its average volume of 380,885. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77. The company has a 50 day simple moving average of $39.07 and a 200-day simple moving average of $42.67.

Life360 (NASDAQ:LIF - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. As a group, analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group raised shares of Life360 from a "neutral" rating to a "buy" rating and lifted their target price for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Stifel Nicolaus cut their price target on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $47.38.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LIF. WealthPlan Investment Management LLC grew its position in Life360 by 2.5% in the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company's stock worth $412,000 after purchasing an additional 247 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after purchasing an additional 484 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Life360 in the 4th quarter worth $25,000. Corebridge Financial Inc. grew its position in Life360 by 64.0% in the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock worth $210,000 after purchasing an additional 1,987 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after purchasing an additional 2,116 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.