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Life360, Inc. (NASDAQ:LIF) CFO Sells $198,593.92 in Stock

Life360 logo with Industrials background

Life360, Inc. (NASDAQ:LIF - Get Free Report) CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $63.98, for a total value of $198,593.92. Following the completion of the transaction, the chief financial officer directly owned 199,522 shares of the company's stock, valued at approximately $12,765,417.56. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, June 27th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $61.95, for a total transaction of $192,292.80.
  • On Tuesday, June 10th, Russell John Burke sold 3,030 shares of Life360 stock. The stock was sold at an average price of $64.13, for a total value of $194,313.90.
  • On Friday, May 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $60.07, for a total value 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 value of $121,707.84.

Life360 Stock Performance

Shares of NASDAQ:LIF traded up $3.98 during midday trading on Monday, hitting $68.16. 1,268,717 shares of the stock were exchanged, compared to its average volume of 496,933. The business's 50-day moving average price is $61.01 and its 200 day moving average price is $48.34. Life360, Inc. has a 12 month low of $28.94 and a 12 month high of $69.45. The stock has a market capitalization of $5.22 billion and a price-to-earnings ratio of 757.33.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group raised their price objective on Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a research note on Monday, June 16th. JMP Securities raised their price target on shares of Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a research note on Monday, June 16th. Canaccord Genuity Group set a $75.00 price target on shares of Life360 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Citigroup reissued an "outperform" rating on shares of Life360 in a research note on Monday, June 16th. Finally, Stifel Nicolaus cut their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Life360 currently has an average rating of "Buy" and a consensus price target of $59.50.

Read Our Latest Research Report on LIF

Institutional Trading of Life360

Institutional investors have recently modified their holdings of the business. Summit Investment Advisors Inc. increased its position in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares during the period. GAMMA Investing LLC boosted its stake in shares of Life360 by 2,938.9% in 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 last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after buying an additional 1,978 shares during the period. New York State Common Retirement Fund raised its stake in Life360 by 433.3% during the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company's stock worth $123,000 after buying an additional 2,600 shares during the last quarter. Finally, Strs Ohio acquired a new position in Life360 in the first quarter valued at $157,000. Institutional investors own 20.00% of the company's stock.

Life360 Company Profile

(Get Free Report)

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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