Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke Sells 3,104 Shares

Life360, Inc. (NASDAQ:LIF - Get Free Report) CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $61.95, for a total value of $192,292.80. Following the completion of the transaction, the chief financial officer directly owned 202,626 shares in the company, valued at $12,552,680.70. This represents a 1.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Russell John Burke also recently made the following trade(s):

• On Tuesday, June 10th, Russell John Burke sold 3,030 shares of Life360 stock. The shares were sold at an average price of $64.13, for a total transaction of $194,313.90.
• On Friday, May 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $60.07, for a total transaction of $186,457.28.
• On Thursday, April 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $39.21, for a total transaction of $121,707.84.
• On Thursday, April 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $34.39, for a total value of $106,746.56.

Life360 Trading Down 0.2%

LIF stock traded down $0.15 during mid-day trading on Wednesday, hitting $64.23. The stock had a trading volume of 64,075 shares, compared to its average volume of 478,616. Life360, Inc. has a 1-year low of $28.94 and a 1-year high of $67.11. The company has a fifty day moving average of $56.79 and a 200 day moving average of $46.86. The stock has a market capitalization of $4.92 billion and a price-to-earnings ratio of 711.78.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.09. Life360 had a return on equity of 4.05% and a net margin of 2.42%. The business had revenue of $103.62 million during the quarter, compared to analysts' expectations of $101.48 million. As a group, sell-side analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Life360

Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund bought a new stake in shares of Life360 during the 4th quarter worth about $25,000. Summit Investment Advisors Inc. lifted its holdings in Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after purchasing an additional 484 shares during the last quarter. GAMMA Investing LLC boosted its position in Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after purchasing an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock valued at $84,000 after purchasing an additional 1,978 shares during the last quarter. Finally, Strs Ohio acquired a new position in Life360 during the first quarter valued at approximately $157,000. 20.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. JMP Securities upped their target price on Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a report on Monday, June 16th. Loop Capital increased their price target on shares of Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. UBS Group boosted their price objective on shares of Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Citigroup reiterated an "outperform" rating on shares of Life360 in a research note on Monday, June 16th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $58.67.

About Life360

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.