Life360 (NASDAQ:LIF) Director Sells $224,280.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $56.07, for a total transaction of $224,280.00. Following the transaction, the director owned 24,431 shares in the company, valued at $1,369,846.17. This trade represents a 14.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $43.99, for a total transaction of $175,960.00.
• 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.

Life360 Price Performance

LIF stock opened at $53.80 on Thursday. The stock has a market cap of $4.36 billion, a PE ratio of 31.10 and a beta of 2.34. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54. The company has a 50-day moving average price of $46.28 and a 200 day moving average price of $49.68. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LIF. Geode Capital Management LLC lifted its holdings in shares of Life360 by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock worth $74,372,000 after buying an additional 85,857 shares during the period. State Street Corp raised its holdings in shares of Life360 by 17.3% in the fourth quarter. State Street Corp now owns 905,153 shares of the company’s stock valued at $58,057,000 after acquiring an additional 133,722 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Life360 by 86.3% in the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after acquiring an additional 352,110 shares in the last quarter. Norges Bank purchased a new stake in Life360 in the fourth quarter worth about $47,097,000. Finally, Federated Hermes Inc. lifted its stake in Life360 by 31.7% in the fourth quarter. Federated Hermes Inc. now owns 588,182 shares of the company’s stock worth $37,726,000 after acquiring an additional 141,438 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LIF. DA Davidson upped their target price on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research report on Tuesday, May 12th. Macquarie Infrastructure assumed coverage on Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price on the stock. Citigroup lifted their target price on Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a research report on Monday. Finally, UBS Group lowered their target price on shares of Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.98.

About Life360

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.