Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff Sells 4,546 Shares

Life360, Inc. (NASDAQ:LIF - Get Free Report) COO Lauren Antonoff sold 4,546 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $62.50, for a total transaction of $284,125.00. Following the sale, the chief operating officer now owns 312,324 shares in the company, valued at $19,520,250. The trade was a 1.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, May 27th, Lauren Antonoff sold 4,546 shares of Life360 stock. The stock was sold at an average price of $62.23, for a total transaction of $282,897.58.
• On Thursday, April 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The shares were sold at an average price of $38.78, for a total transaction of $176,293.88.
• 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.

Life360 Stock Up 1.6%

Life360 stock traded up $0.94 during trading hours on Thursday, hitting $61.16. The stock had a trading volume of 541,478 shares, compared to its average volume of 467,149. The business's 50 day simple moving average is $54.71 and its 200-day simple moving average is $46.30. Life360, Inc. has a one year low of $28.94 and a one year high of $65.79. The stock has a market cap of $4.68 billion and a price-to-earnings ratio of 401.47.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09. The company had revenue of $103.62 million during the quarter, compared to the consensus estimate of $101.48 million. Life360 had a return on equity of 4.05% and a net margin of 2.42%. Research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Life360

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Life360 by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company's stock worth $237,000 after purchasing an additional 378 shares during the period. Summit Investment Advisors Inc. increased its holdings in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares during the period. WealthPlan Investment Management LLC raised its position in Life360 by 5.6% during the 1st quarter. WealthPlan Investment Management LLC now owns 10,550 shares of the company's stock worth $405,000 after purchasing an additional 558 shares during the last quarter. New York State Common Retirement Fund acquired a new position in Life360 during the 4th quarter worth about $25,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Life360 by 937.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after buying an additional 1,978 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LIF shares. Stifel Nicolaus decreased 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. Canaccord Genuity Group lifted their target price on Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. UBS Group increased their target price on shares of Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Citigroup restated an "outperform" rating on shares of Life360 in a research note on Monday, June 16th. Finally, Loop Capital upped their price objective on shares of Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Life360 presently has a consensus rating of "Buy" and an average target price of $58.67.

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.

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