Insider Selling: Life360 (NASDAQ:LIF) CFO Sells 16,287 Shares of Stock

Key Points

• CFO Russell John Burke of Life360 sold 16,287 shares of the company's stock for a total of $1,472,670.54, marking a 20.53% decrease in his position.
• Life360 reported earnings of $0.08 EPS for the last quarter, exceeding analysts' expectations, along with a revenue of $115.38 million.
• Analysts have raised price targets for Life360, with Evercore ISI setting a target of $95.00 and several analysts rating the stock as a "buy."

Life360, Inc. (NASDAQ:LIF - Get Free Report) CFO Russell John Burke sold 16,287 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total value of $1,472,670.54. Following the transaction, the chief financial officer owned 63,030 shares in the company, valued at $5,699,172.60. This trade represents a 20.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Russell John Burke also recently made the following trade(s):

• On Thursday, July 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $75.87, for a total value of $235,500.48.
• On Thursday, July 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $63.98, for a total value of $198,593.92.
• On Friday, June 27th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $61.95, for a total value of $192,292.80.
• On Tuesday, June 10th, Russell John Burke sold 3,030 shares of Life360 stock. The stock was sold at an average price of $64.13, for a total value of $194,313.90.

Life360 Stock Down 1.0%

Shares of LIF stock traded down $0.87 during midday trading on Friday, reaching $90.44. 567,933 shares of the stock were exchanged, compared to its average volume of 822,190. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $92.51. The company's 50 day moving average is $74.94 and its two-hundred day moving average is $56.92. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84. The firm has a market cap of $7.01 billion, a PE ratio of 282.63 and a beta of 3.49.

Life360 (NASDAQ:LIF - Get Free Report) last posted its earnings results 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 return on equity of 7.65% and a net margin of 6.45%.The firm had revenue of $115.38 million for the quarter, compared to the consensus estimate of $109.33 million. Life360 has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Life360, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on LIF shares. Loop Capital upped their price target on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Citigroup started coverage on Life360 in a research note on Thursday, July 31st. They issued a "buy" rating and a $90.00 price target on the stock. Stifel Nicolaus upped their price target on Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. UBS Group restated a "buy" rating and issued a $85.00 price target (up previously from $71.00) on shares of Life360 in a research note on Tuesday, August 12th. Finally, Canaccord Genuity Group upped their price target on Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $86.43.

Hedge Funds Weigh In On Life360

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Keystone Financial Group Inc. bought a new position in Life360 in the 2nd quarter valued at approximately $62,000. GAMMA Investing LLC lifted its position in Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after acquiring an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Life360 by 937.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock valued at $84,000 after acquiring an additional 1,978 shares in the last quarter. State of Wyoming bought a new position in Life360 in the 2nd quarter valued at approximately $96,000. Finally, Ameritas Investment Partners Inc. lifted its position in Life360 by 53.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock valued at $107,000 after acquiring an additional 570 shares in the last quarter. 20.00% of the stock is owned by 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.