Life360 (NASDAQ:LIF) Director Chris Hulls Sells 27,000 Shares of Stock

Key Points

• Life360 Director Chris Hulls sold 27,000 shares at an average price of $63.34, generating $1.71 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 419,554 shares.
• Life360 shares fell 3.9% to $61.45, while the company’s market capitalization stood at approximately $4.98 billion. The stock has traded between $37.01 and $112.54 over the past year.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $64.81; institutional investors and hedge funds own about 20% of the company.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Chris Hulls sold 27,000 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $63.34, for a total transaction of $1,710,180.00. Following the transaction, the director owned 419,554 shares of the company's stock, valued at approximately $26,574,550.36. This represents a 6.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Hulls also recently made the following trade(s):

• On Thursday, June 18th, Chris Hulls sold 16,042 shares of Life360 stock. The stock was sold at an average price of $47.07, for a total transaction of $755,096.94.
• On Thursday, May 28th, Chris Hulls sold 16,379 shares of Life360 stock. The shares were sold at an average price of $40.34, for a total transaction of $660,728.86.

Life360 Trading Down 3.9%

Shares of LIF stock traded down $2.52 on Wednesday, hitting $61.45. The stock had a trading volume of 462,591 shares, compared to its average volume of 1,027,528. The firm has a market cap of $4.98 billion, a P/E ratio of 35.52 and a beta of 2.35. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average price of $51.26 and a two-hundred day moving average price of $48.29.

Analysts Set New Price Targets

LIF has been the topic of a number of research reports. Macquarie Infrastructure initiated coverage on shares of Life360 in a research note on Tuesday, April 28th. They issued an "outperform" rating and a $32.20 price target on the stock. Evercore set a $68.00 target price on shares of Life360 in a research note on Tuesday, May 12th. Bank of America boosted their price target on Life360 from $60.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Wall Street Zen lowered Life360 from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Finally, Morgan Stanley began coverage on shares of Life360 in a research note on Tuesday, July 21st. They set an "overweight" rating and a $66.24 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Life360 presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.81.

Hedge Funds Weigh In On Life360

Institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its stake in Life360 by 2.4% in the second quarter. Handelsbanken Fonder AB now owns 25,300 shares of the company's stock valued at $1,401,000 after acquiring an additional 600 shares during the last quarter. GAMMA Investing LLC lifted its stake in Life360 by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company's stock valued at $103,000 after purchasing an additional 569 shares during the last quarter. Pacer Advisors Inc. bought a new position in Life360 during the first quarter worth about $76,000. Bank of America Corp DE grew its holdings in Life360 by 312.8% during the first quarter. Bank of America Corp DE now owns 407,296 shares of the company's stock worth $16,626,000 after purchasing an additional 308,632 shares during the period. Finally, Amundi acquired a new position in Life360 during the first quarter worth approximately $206,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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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