Life360 (NASDAQ:LIF) Director Sells $755,096.94 in Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 16,042 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $47.07, for a total value of $755,096.94. Following the transaction, the director directly owned 406,899 shares in the company, valued at $19,152,735.93. The trade was a 3.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Hulls also recently made the following trade(s):

• On Thursday, May 28th, Chris Hulls sold 16,379 shares of Life360 stock. The shares were sold at an average price of $40.34, for a total value of $660,728.86.
• On Thursday, April 16th, Chris Hulls sold 16,105 shares of Life360 stock. The shares were sold at an average price of $45.51, for a total value of $732,938.55.

Life360 Stock Down 2.1%

NASDAQ:LIF traded down $1.03 during mid-day trading on Tuesday, reaching $46.94. The company’s stock had a trading volume of 495,628 shares, compared to its average volume of 1,122,488. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $112.54. The stock has a fifty day moving average of $43.89 and a 200-day moving average of $50.97. The firm has a market capitalization of $3.80 billion, a PE ratio of 27.13 and a beta of 2.63.

Analysts Set New Price Targets

LIF has been the subject of several research reports. Weiss Ratings cut shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. DA Davidson lifted their price objective on shares of Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday. Macquarie Infrastructure initiated coverage on shares of Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price objective for the company. Wall Street Zen lowered Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of Life360 in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.17.

Institutional Trading of Life360

Several hedge funds and other institutional investors have recently made changes to their positions in LIF. Pacer Advisors Inc. purchased a new position in Life360 during the 1st quarter worth $76,000. Bank of America Corp DE raised its stake in Life360 by 312.8% in the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock valued at $16,626,000 after buying an additional 308,632 shares during the last quarter. Amundi purchased a new stake in Life360 in the first quarter valued at about $206,000. California State Teachers Retirement System boosted its holdings in Life360 by 23.5% in the first quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock worth $3,536,000 after acquiring an additional 16,461 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Life360 by 85.5% in the first quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock worth $84,000 after acquiring an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.