Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff Sells 14,091 Shares of Stock

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 14,091 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $42.17, for a total transaction of $594,217.47. Following the transaction, the chief operating officer now owns 293,769 shares of the company’s stock, valued at $12,388,238.73. This represents a 4.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Life360 Stock Down 2.9 %

Shares of LIF opened at $40.58 on Friday. The firm’s 50 day simple moving average is $43.92 and its 200 day simple moving average is $42.40. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76.

Life360 (NASDAQ:LIF) last announced its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Life360

A number of institutional investors and hedge funds have recently bought and sold shares of LIF. Hodges Capital Management Inc. purchased a new position in shares of Life360 during the third quarter worth approximately $3,876,000. FMR LLC raised its stake in shares of Life360 by 6.1% during the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after acquiring an additional 86,917 shares in the last quarter. State Street Corp purchased a new position in shares of Life360 during the third quarter worth approximately $2,393,000. Cherrydale Wealth Management LLC bought a new position in shares of Life360 in the fourth quarter worth approximately $340,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Life360 by 295.6% in the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock worth $514,000 after purchasing an additional 9,754 shares during the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LIF has been the subject of a number of research reports. JMP Securities increased their target price on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Canaccord Genuity Group increased their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Life360 presently has a consensus rating of “Buy” and a consensus target price of $47.63.

About Life360

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.