Susan L. Stick Sells 500 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) General Counsel Susan L. Stick sold 500 shares of Life360 stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $62.23, for a total transaction of $31,115.00. Following the completion of the transaction, the general counsel now owns 110,809 shares in the company, valued at approximately $6,895,644.07. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Life360 Price Performance

Life360 stock traded up $1.09 during mid-day trading on Friday, reaching $64.13. The company had a trading volume of 3,365,718 shares, compared to its average volume of 430,169. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $65.19. The company has a market capitalization of $4.91 billion and a P/E ratio of 712.56. The stock's 50-day simple moving average is $45.14 and its 200-day simple moving average is $44.26.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $103.62 million during the quarter, compared to analysts' expectations of $101.48 million. On average, equities analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LIF has been the topic of a number of recent analyst reports. Loop Capital boosted their price target on shares of Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. UBS Group boosted their price target on shares of Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Stifel Nicolaus dropped their price target on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group boosted their price target on shares of Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $51.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LIF. Vanguard Group Inc. increased its holdings in Life360 by 3,865.6% in the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock valued at $218,194,000 after buying an additional 5,540,302 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after purchasing an additional 432,292 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after purchasing an additional 418,493 shares in the last quarter. Marshall Wace LLP raised its position in shares of Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock worth $16,975,000 after purchasing an additional 190,422 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in Life360 by 1,233.3% in the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock valued at $8,286,000 after buying an additional 185,722 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

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.