Life360, Inc. (NASDAQ:LIF) Director Sells $489,465.46 in Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles J. Prober sold 7,942 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $61.63, for a total transaction of $489,465.46. Following the transaction, the director now directly owns 105,456 shares of the company's stock, valued at $6,499,253.28. The trade was a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Life360 Price Performance

Life360 stock traded down $0.70 during midday trading on Friday, reaching $61.97. The company's stock had a trading volume of 1,249,939 shares, compared to its average volume of 461,634. Life360, Inc. has a 52-week low of $28.94 and a 52-week high of $65.79. The stock has a market capitalization of $4.74 billion and a P/E ratio of 688.56. The stock's 50-day simple moving average is $52.67 and its 200-day simple moving average is $46.01.

Life360 (NASDAQ:LIF - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.05 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 analysts' expectations of $101.48 million. As a group, equities research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life360

Several institutional investors and hedge funds have recently made changes to their positions in LIF. Vanguard Group Inc. lifted its position in Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock worth $218,194,000 after acquiring an additional 5,540,302 shares during the period. Millennium Management LLC raised its stake in shares of Life360 by 9.2% in the fourth quarter. Millennium Management LLC now owns 1,114,922 shares of the company's stock worth $46,013,000 after purchasing an additional 94,077 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Life360 by 320.0% during the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after purchasing an additional 418,493 shares during the period. Franklin Resources Inc. boosted its position in Life360 by 402.9% in the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after buying an additional 432,292 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Life360 by 86.2% in the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock valued at $16,975,000 after buying an additional 190,422 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Stifel Nicolaus decreased their target price on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. UBS Group lifted their target price on Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a report on Monday. Citigroup reiterated an "outperform" rating on shares of Life360 in a report on Monday. Loop Capital increased 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. Finally, Canaccord Genuity Group boosted 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. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $58.67.

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.