Life360 (NASDAQ:LIF) Director Sells $175,960.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction on Monday, June 1st. The stock was sold at an average price of $43.99, for a total transaction of $175,960.00. Following the completion of the transaction, the director directly owned 28,431 shares of the company’s stock, valued at $1,250,679.69. The trade was a 12.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Philip Coghlan also recently made the following trade(s):

• On Friday, May 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $44.16, for a total transaction of $176,640.00.
• On Wednesday, April 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $41.32, for a total transaction of $165,280.00.

Life360 Stock Performance

Shares of NASDAQ:LIF opened at $47.80 on Friday. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The stock has a market capitalization of $3.87 billion, a P/E ratio of 27.63 and a beta of 2.62. The firm has a fifty day simple moving average of $42.35 and a two-hundred day simple moving average of $53.29. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.

Analyst Ratings Changes

A number of research firms recently commented on LIF. Citigroup dropped their price target on shares of Life360 from $68.50 to $68.30 and set a “buy” rating for the company in a research note on Thursday, April 9th. Weiss Ratings cut shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. DA Davidson reaffirmed a “neutral” rating and set a $40.00 price target on shares of Life360 in a research note on Wednesday, May 13th. Macquarie Infrastructure began coverage on shares of Life360 in a research note on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price target for the company. Finally, Bank of America began coverage on shares of Life360 in a research note on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.94.

Institutional Investors Weigh In On Life360

Large investors have recently added to or reduced their stakes in the stock. Strive Financial Group LLC purchased a new stake in Life360 in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. boosted its position in Life360 by 824.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after buying an additional 239 shares during the period. MCF Advisors LLC purchased a new stake in Life360 in the 4th quarter valued at about $32,000. NewEdge Advisors LLC purchased a new stake in Life360 in the 3rd quarter valued at about $32,000. Finally, IFP Advisors Inc purchased a new stake in Life360 in the 3rd quarter valued at about $47,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Company Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.