Life360 (NASDAQ:LIF) Shares Gap Down on Insider Selling

Key Points

• Life360 shares gapped down from a previous close of $103.11 to open at $98.22, primarily due to insider selling by CEO Lauren Antonoff who sold nearly 18,000 shares.
• Analyst ratings for Life360 have been predominantly positive, with multiple firms adjusting price targets upward, with an average target of $86.43 and a consensus "Buy" rating.
• The company's market capitalization stands at $7.40 billion, with a significant increase in institutional ownership, including a 3,865.6% increase from Vanguard Group Inc.

Life360, Inc. (NASDAQ:LIF - Get Free Report) gapped down before the market opened on Tuesday following insider selling activity. The stock had previously closed at $103.11, but opened at $98.22. Life360 shares last traded at $95.20, with a volume of 326,622 shares.

Specifically, CEO Lauren Antonoff sold 17,764 shares of Life360 stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $90.90, for a total value of $1,614,747.60. Following the transaction, the chief executive officer directly owned 338,465 shares of the company's stock, valued at $30,766,468.50. The trade was a 4.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $88.12, for a total value of $275,375.00. Following the completion of the transaction, the director directly owned 9,375 shares in the company, valued at $826,125. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several research firms have recently weighed in on LIF. JMP Securities lifted their price objective on Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 12th. Wall Street Zen raised Life360 from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Stifel Nicolaus raised their target price on Life360 from $87.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Evercore ISI raised their target price on Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Finally, UBS Group restated a "buy" rating and set a $85.00 price objective (up from $71.00) on shares of Life360 in a report on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $86.43.

Life360 Stock Down 7.4%

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 fifty day simple moving average of $78.47 and a 200-day simple moving average of $58.80. The company has a market capitalization of $7.40 billion, a PE ratio of 298.07 and a beta of 3.50.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. Life360 had a return on equity of 7.65% and a net margin of 6.45%.The company 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. Equities research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently made changes to their positions in LIF. Vanguard Group Inc. increased its holdings in shares of Life360 by 3,865.6% in the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock valued at $218,194,000 after acquiring an additional 5,540,302 shares during the last quarter. Norges Bank bought a new stake in shares of Life360 in the 2nd quarter valued at approximately $60,369,000. Bank of New York Mellon Corp increased its holdings in shares of Life360 by 320.0% in the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock valued at $21,087,000 after acquiring an additional 418,493 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Life360 by 661.6% in the 2nd quarter. Federated Hermes Inc. now owns 371,461 shares of the company's stock valued at $24,238,000 after acquiring an additional 322,688 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Life360 by 19,023.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 232,348 shares of the company's stock valued at $15,161,000 after acquiring an additional 231,133 shares during the last quarter. 20.00% of the stock is currently 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.

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