Life360, Inc. (NASDAQ:LIF) Director Charles J. Prober Sells 40,000 Shares

Life360, Inc. (NASDAQ:LIF) Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the sale, the director now directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Life360 Stock Up 4.0 %

Life360 stock traded up $1.30 during midday trading on Thursday, reaching $34.10. 376,684 shares of the stock traded hands, compared to its average volume of 267,706. The stock has a fifty day moving average price of $34.83. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $41.17.

Life360 (NASDAQ:LIF) last posted its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $84.86 million during the quarter, compared to analyst estimates of $85.00 million. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. Research analysts expect that Life360, Inc. will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on LIF. Evercore ISI raised shares of Life360 to a “strong-buy” rating and set a $37.00 target price for the company in a research report on Monday, June 17th. UBS Group boosted their target price on shares of Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Jefferies Financial Group began coverage on shares of Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company. Canaccord Genuity Group began coverage on shares of Life360 in a research report on Monday, June 17th. They issued a “buy” rating and a $40.00 target price for the company. Finally, Canaccord Genuity Group raised shares of Life360 to a “strong-buy” rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Life360 has an average rating of “Buy” and a consensus price target of $39.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LIF. Regal Partners Ltd acquired a new stake in shares of Life360 in the 2nd quarter worth approximately $23,635,000. Millennium Management LLC acquired a new stake in shares of Life360 in the 2nd quarter worth approximately $11,861,000. Ghisallo Capital Management LLC acquired a new stake in shares of Life360 in the 2nd quarter worth approximately $8,098,000. Emerald Advisers LLC acquired a new stake in shares of Life360 in the 2nd quarter worth approximately $6,777,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Life360 during the second quarter valued at approximately $5,488,000.

Life360 Company Profile

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.