Life360 (NASDAQ:LIF) Shares Gap Down After 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 prior to trading 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 changing hands.

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

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group restated a "buy" rating and set a $85.00 price target (up from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. Stifel Nicolaus boosted their price target on shares of Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. JMP Securities boosted their price target on shares of Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 12th. Evercore ISI boosted their price target on shares of Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Life360 from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $86.43.

Life360 Price Performance

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 business's fifty day moving average is $81.08 and its 200 day moving average is $60.22. The firm has a market capitalization of $7.77 billion, a P/E ratio of 313.26 and a beta of 3.50.

Life360 (NASDAQ:LIF - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The business 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. As a group, analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Life360

Large investors have recently made changes to their positions in the company. Keystone Financial Group Inc. purchased a new stake in shares of Life360 in the 2nd quarter valued at approximately $62,000. State of Wyoming acquired a new stake in Life360 during the 2nd quarter valued at $96,000. Ameritas Investment Partners Inc. raised its stake in Life360 by 53.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock valued at $107,000 after purchasing an additional 570 shares during the period. Raymond James Financial Inc. acquired a new stake in Life360 during the 2nd quarter valued at $137,000. Finally, GAMMA Investing LLC raised its stake in Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after purchasing an additional 2,116 shares during the period. Institutional investors and hedge funds own 20.00% of the company's stock.

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.