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 transaction of $1,614,747.60. Following the completion of the transaction, the chief executive officer owned 338,465 shares of the company's stock, valued at approximately $30,766,468.50. The trade was a 4.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction 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 transaction of $344,086.74.
• On Tuesday, June 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The stock was sold at an average price of $62.50, for a total transaction of $284,125.00.

Life360 Stock Up 2.0%

Shares of LIF stock traded up $1.94 during trading on Friday, hitting $100.24. 803,652 shares of the company were exchanged, compared to its average volume of 751,778. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 313.26 and a beta of 3.50. The business's 50-day simple moving average is $81.08 and its 200 day simple moving average is $60.22. Life360, Inc. has a twelve month low of $29.62 and a twelve month high of $103.65.

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

Hedge Funds Weigh In On Life360

A number of institutional investors have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Life360 by 0.4% in the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company's stock valued at $4,026,000 after purchasing an additional 254 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Life360 by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company's stock valued at $1,379,000 after purchasing an additional 343 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Life360 by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company's stock valued at $237,000 after purchasing an additional 378 shares during the period. WealthPlan Investment Management LLC raised its position in shares of Life360 by 5.6% in the first quarter. WealthPlan Investment Management LLC now owns 10,550 shares of the company's stock valued at $405,000 after purchasing an additional 558 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in shares of Life360 by 53.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock valued at $107,000 after purchasing an additional 570 shares during the period. Institutional investors own 20.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Canaccord Genuity Group raised their price target on shares of Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. UBS Group reiterated a "buy" rating and issued a $85.00 target price (up from $71.00) on shares of Life360 in a research note on Tuesday, August 12th. JMP Securities lifted 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. Evercore ISI lifted their target price on shares of Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Life360 from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently 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.