Life360 (NASDAQ:LIF) Director Charles Prober Sells 7,930 Shares of Stock

Key Points

• Life360 Director Charles Prober sold 7,930 shares at an average price of $48.59, generating approximately $385,319. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 6.73% to 109,930 shares.
• Life360’s latest quarterly results were mixed: revenue of $158.96 million exceeded estimates, but earnings per share of $0.06 fell short of the $0.08 consensus forecast.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $60.72, versus a recent trading price of $50.18.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles Prober sold 7,930 shares of Life360 stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $48.59, for a total value of $385,318.70. Following the sale, the director directly owned 109,930 shares in the company, valued at approximately $5,341,498.70. This trade represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Price Performance

NASDAQ LIF traded down $1.03 during trading on Monday, reaching $50.18. 1,065,258 shares of the company traded hands, compared to its average volume of 1,054,082. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. The stock's 50 day moving average price is $53.01 and its two-hundred day moving average price is $48.14. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 29.35 and a beta of 2.35.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The company had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. As a group, analysts anticipate that Life360, Inc. will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Life360

Several large investors have recently made changes to their positions in LIF. Wilson Asset Management International PTY Ltd. increased its holdings in shares of Life360 by 108.6% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company's stock worth $3,207,000 after acquiring an additional 26,028 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Life360 by 23.5% during the 1st quarter. California State Teachers Retirement System now owns 86,635 shares of the company's stock valued at $3,536,000 after purchasing an additional 16,461 shares during the last quarter. Greenspring Advisors LLC bought a new position in Life360 during the fourth quarter worth $21,720,000. XY Capital Ltd bought a new position in Life360 during the fourth quarter worth $6,063,000. Finally, Milford Funds Ltd. acquired a new position in shares of Life360 in the fourth quarter valued at $9,604,000. Institutional investors and hedge funds own 20.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LIF shares. Morgan Stanley set a $65.20 target price on Life360 in a report on Wednesday, August 12th. Macquarie Infrastructure started coverage on Life360 in a research report on Tuesday, April 28th. They set an "outperform" rating and a $32.20 price target for the company. Evercore set a $68.00 price target on shares of Life360 in a research note on Tuesday, May 12th. DA Davidson lifted their price objective on shares of Life360 from $42.00 to $47.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Finally, Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Life360 presently has an average rating of "Moderate Buy" and a consensus target price of $60.72.

About Life360

Life360, Inc NASDAQ: LIF operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company's services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.

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