Life360 (NASDAQ:LIF) Director Sells $667,150.90 in Stock

Key Points

• Life360, Inc. Director Charles J. Prober sold 7,930 shares at an average price of $84.13, totaling approximately $667,150.90, resulting in a 6.99% decrease in ownership.
• The company's shares rose 0.1% to $85.43, with a recent trading volume of 941,198 shares, surpassing the average volume of 839,264.
• Life360 reported $0.08 earnings per share for the last quarter, exceeding analyst expectations, and anticipates a net income margin of 6.45% and a return on equity of 7.65%.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles J. Prober sold 7,930 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $84.13, for a total value of $667,150.90. Following the completion of the transaction, the director directly owned 105,456 shares of the company's stock, valued at approximately $8,872,013.28. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Life360 Stock Down 0.5%

Shares of LIF stock traded down $0.43 on Wednesday, hitting $85.17. 1,030,586 shares of the stock were exchanged, compared to its average volume of 824,344. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $6.60 billion, a P/E ratio of 266.16 and a beta of 3.46. The business has a 50-day moving average of $71.09 and a 200 day moving average of $54.60. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $89.80.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The company had revenue of $115.38 million during the quarter, compared to analysts' expectations of $109.33 million. Life360 had a return on equity of 7.65% and a net margin of 6.45%. Life360 has set its FY 2025 guidance at EPS. Equities analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Trading of Life360

Institutional investors and hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its holdings in Life360 by 81.8% during the first quarter. Teacher Retirement System of Texas now owns 13,365 shares of the company's stock worth $513,000 after acquiring an additional 6,014 shares in the last quarter. Emerald Advisers LLC raised its holdings in Life360 by 53.8% during the first quarter. Emerald Advisers LLC now owns 270,817 shares of the company's stock worth $10,397,000 after acquiring an additional 94,679 shares in the last quarter. Barclays PLC raised its stake in Life360 by 280.6% in the fourth quarter. Barclays PLC now owns 30,952 shares of the company's stock valued at $1,278,000 after buying an additional 22,820 shares during the period. Federated Hermes Inc. lifted its position in shares of Life360 by 75.6% in the first quarter. Federated Hermes Inc. now owns 48,773 shares of the company's stock valued at $1,872,000 after buying an additional 21,004 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Life360 by 320.0% in the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock valued at $21,087,000 after buying an additional 418,493 shares during the last quarter. Institutional investors own 20.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. JMP Securities upped their price objective on Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 12th. Canaccord Genuity Group upped their price objective on Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Evercore ISI upped their price objective on Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded Life360 from a "hold" rating to a "buy" rating in a report on Saturday. 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 $86.43.

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.