Insider Selling: Life360 (NASDAQ:LIF) Director Sells $183,200.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $45.80, for a total value of $183,200.00. Following the completion of the sale, the director owned 8,431 shares in the company, valued at $386,139.80. This represents a 32.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $40.37, for a total transaction of $161,480.00.
• On Tuesday, September 1st, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $41.97, for a total value of $167,880.00.

Life360 Stock Performance

LIF stock opened at $47.37 on Friday. The firm has a 50 day moving average of $42.84 and a two-hundred day moving average of $46.95. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $95.98. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 27.70 and a beta of 2.17.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. As a group, equities analysts anticipate that Life360, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LIF has been the subject of a number of research analyst reports. Morgan Stanley set a $65.20 target price on shares of Life360 in a research report on Wednesday, August 12th. DA Davidson reissued a “neutral” rating and issued a $40.00 target price on shares of Life360 in a research report on Tuesday, September 29th. Wall Street Zen upgraded shares of Life360 from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th. UBS Group cut their price target on shares of Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Bank of America boosted their target price on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Life360 presently has an average rating of “Moderate Buy” and an average price target of $59.93.

Hedge Funds Weigh In On Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its holdings in Life360 by 872.7% in the third quarter. Sterling Capital Management LLC now owns 642 shares of the company’s stock worth $26,000 after acquiring an additional 576 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Life360 during the 1st quarter worth approximately $76,000. Royal Bank of Canada grew its position in shares of Life360 by 85.5% in the 1st quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock valued at $84,000 after buying an additional 949 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Life360 by 44.0% during the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock valued at $103,000 after buying an additional 569 shares during the last quarter. Finally, Nykredit A S purchased a new position in Life360 during the second quarter valued at approximately $126,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

Life360, Inc is a technology company that develops connected safety and security products for families, individuals and pets. Its primary offering is the Life360 mobile application, which provides location sharing, family communication, driving safety tools, emergency assistance and other features intended to help users coordinate and stay connected.

The company also offers services such as crash detection, roadside assistance, SOS support and digital safety features. Through its ownership of Tile, Life360 provides Bluetooth-enabled finding devices and related tracking services for personal belongings.