Life360 (NASDAQ:LIF) Director Chris Hulls Sells 15,133 Shares

Key Points

• Director Chris Hulls sold 15,133 shares on March 19 at an average price of $39.43 for about $596,694, leaving him with 334,319 shares (a 4.33% reduction, valued at roughly $13.18M).
• Life360 shares recently traded up to $41.16; the company has a market cap of $3.30B, a P/E of 104.82, a 50-day/200-day moving average of $51.90/$73.34, and a 52-week range of $29.62 to $112.54.
• Analysts and institutions are mixed: five analysts rate the stock Buy and five Hold with a consensus target of $76.56, while institutional ownership is about 20% with recent stake increases by firms like Rockefeller and new positions from PEAK6 and others.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Chris Hulls sold 15,133 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $39.43, for a total value of $596,694.19. Following the sale, the director owned 334,319 shares in the company, valued at approximately $13,182,198.17. This represents a 4.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Life360 Price Performance

Life360 stock traded up $1.33 during midday trading on Monday, hitting $41.16. 1,491,388 shares of the company's stock were exchanged, compared to its average volume of 2,127,644. The company has a market cap of $3.30 billion, a P/E ratio of 104.82 and a beta of 3.84. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26. The stock has a 50-day moving average price of $51.90 and a two-hundred day moving average price of $73.34. Life360, Inc. has a 52-week low of $29.62 and a 52-week high of $112.54.

Institutional Trading of Life360

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its stake in Life360 by 32.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 14,183 shares of the company's stock worth $910,000 after purchasing an additional 3,436 shares during the period. PEAK6 LLC purchased a new stake in shares of Life360 in the 4th quarter worth about $334,000. Strive Financial Group LLC bought a new position in shares of Life360 in the 4th quarter worth about $26,000. Vident Advisory LLC lifted its position in Life360 by 11.2% during the 4th quarter. Vident Advisory LLC now owns 14,040 shares of the company's stock valued at $901,000 after acquiring an additional 1,412 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in Life360 during the fourth quarter worth about $920,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LIF has been the topic of a number of recent research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Life360 in a research report on Monday, December 29th. DA Davidson lowered Life360 from a "buy" rating to a "neutral" rating and lowered their price target for the company from $70.00 to $40.00 in a research report on Thursday. Citigroup reaffirmed a "buy" rating on shares of Life360 in a research report on Tuesday, January 27th. Stifel Nicolaus cut their price objective on Life360 from $92.00 to $76.00 and set a "hold" rating on the stock in a research report on Tuesday, January 27th. Finally, Citizens Jmp downgraded Life360 from a "market outperform" rating to a "market perform" rating in a report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $76.56.

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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