Insider Selling: Life360, Inc. (NASDAQ:LIF) Director Sells 3,125 Shares of Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Philip Coghlan sold 3,125 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $65.93, for a total transaction of $206,031.25. Following the completion of the transaction, the director owned 15,625 shares in the company, valued at approximately $1,030,156.25. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, June 2nd, John Philip Coghlan sold 3,125 shares of Life360 stock. The stock was sold at an average price of $61.03, for a total value of $190,718.75.
• On Thursday, May 1st, John Philip Coghlan sold 3,125 shares of Life360 stock. The shares were sold at an average price of $43.30, for a total value of $135,312.50.

Life360 Stock Performance

Shares of LIF traded up $1.80 during midday trading on Friday, hitting $65.72. The company had a trading volume of 299,790 shares, compared to its average volume of 482,042. Life360, Inc. has a 1 year low of $28.94 and a 1 year high of $67.11. The firm has a market capitalization of $5.03 billion and a P/E ratio of 730.22. The company's 50-day simple moving average is $58.33 and its 200-day simple moving average is $47.29.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities increased their target price on Life360 from $55.00 to $62.00 and gave the stock a "market outperform" rating in a research note on Monday, June 16th. Stifel Nicolaus reduced their price target on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Loop Capital raised their price objective 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. Citigroup reaffirmed an "outperform" rating on shares of Life360 in a research note on Monday, June 16th. Finally, UBS Group raised their price target on shares of Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $59.50.

Institutional Investors Weigh In On Life360

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Life360 by 3,865.6% in the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock valued at $218,194,000 after buying an additional 5,540,302 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after acquiring an additional 432,292 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after acquiring an additional 418,493 shares in the last quarter. Marshall Wace LLP lifted its stake in Life360 by 86.2% during the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock worth $16,975,000 after purchasing an additional 190,422 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Life360 by 1,233.3% in the fourth quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock valued at $8,286,000 after purchasing an additional 185,722 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

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.