Life360 (NASDAQ:LIF) CEO Lauren Antonoff Sells 17,764 Shares

Key Points

• Life360 CEO Lauren Antonoff sold 17,764 shares of the company's stock for approximately $1.61 million, reducing her ownership stake by nearly 5% to about 338,465 shares.
• The company's stock, NASDAQ:LIF, recently traded at $103.11, significantly up from its 52-week low of $29.62, with analysts predicting continued positive growth.
• Life360 reported a positive quarterly earnings result of $0.08 per share, exceeding expectations, and overall revenue of $115.38 million, which also surpassed analysts' forecasts.

Life360, Inc. (NASDAQ:LIF - Get Free Report) CEO Lauren Antonoff sold 17,764 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $90.90, for a total value of $1,614,747.60. Following the transaction, the chief executive officer directly owned 338,465 shares in the company, valued at approximately $30,766,468.50. The trade was a 4.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, August 25th, Lauren Antonoff sold 4,546 shares of Life360 stock. The stock was sold at an average price of $90.00, for a total value of $409,140.00.
• On Thursday, July 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The stock was sold at an average price of $75.69, for a total value of $344,086.74.
• On Tuesday, June 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The shares were sold at an average price of $62.50, for a total transaction of $284,125.00.

Life360 Price Performance

LIF stock traded up $9.67 during midday trading on Monday, hitting $103.11. 1,937,816 shares of the stock were exchanged, compared to its average volume of 819,720. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $103.65. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 292.00 and a beta of 3.49. The stock's 50-day moving average price is $77.71 and its 200-day moving average price is $58.40. 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 issued its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The business had revenue of $115.38 million during the quarter, compared to analysts' expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. Research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Life360 by 3,865.6% during the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock valued at $218,194,000 after purchasing an additional 5,540,302 shares during the period. Norges Bank bought a new stake in shares of Life360 during the 2nd quarter valued at $60,369,000. Bank of New York Mellon Corp grew 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 buying an additional 418,493 shares during the period. Federated Hermes Inc. increased its stake in Life360 by 661.6% in the second quarter. Federated Hermes Inc. now owns 371,461 shares of the company's stock valued at $24,238,000 after purchasing an additional 322,688 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Life360 by 19,023.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 232,348 shares of the company's stock worth $15,161,000 after purchasing an additional 231,133 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LIF shares. Evercore ISI raised their price objective on Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded Life360 from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. UBS Group restated a "buy" rating and issued a $85.00 target price (up previously from $71.00) on shares of Life360 in a research note on Tuesday, August 12th. Stifel Nicolaus lifted their price target on shares of Life360 from $87.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Finally, Citigroup assumed coverage on shares of Life360 in a research note on Thursday, July 31st. They set a "buy" rating and a $90.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Life360 currently has a consensus rating of "Buy" and an average 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.

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