Life360, Inc. (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 on Wednesday, August 13th. The shares were sold at an average price of $84.13, for a total transaction of $667,150.90. Following the transaction, the director directly owned 105,456 shares in the company, valued at approximately $8,872,013.28. The trade was a 6.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Life360 Stock Performance

Shares of NASDAQ LIF traded up $1.77 during midday trading on Monday, hitting $87.20. 520,826 shares of the company's stock traded hands, compared to its average volume of 674,216. The firm has a fifty day moving average of $69.73 and a 200 day moving average of $53.88. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 272.51 and a beta of 3.46. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $89.80. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. The business had revenue of $115.38 million during the quarter, compared to analyst estimates of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. On average, analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System lifted its position in Life360 by 0.4% in the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company's stock worth $4,026,000 after buying an additional 254 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Life360 by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company's stock worth $1,379,000 after purchasing an additional 343 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Life360 by 6.5% in 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 stake in Life360 by 82.3% in the fourth 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 period. Finally, WealthPlan Investment Management LLC increased its stake in Life360 by 5.6% in the first 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 period. 20.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group reaffirmed a "buy" rating and issued a $85.00 target price (up from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. Citigroup initiated coverage on shares of Life360 in a research note on Thursday, July 31st. They issued a "buy" rating and a $90.00 price target on the stock. Wall Street Zen upgraded shares of Life360 from a "hold" rating to a "buy" rating in a research note on Saturday. Loop Capital upped their target price on shares of 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 upped their target price on shares of Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 12th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target 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.