Life360, Inc. (NASDAQ:LIF) COO Sells $551,500.48 in Stock

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 13,106 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $551,500.48. Following the transaction, the chief operating officer now owns 280,663 shares of the company’s stock, valued at $11,810,299.04. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Lauren Antonoff also recently made the following trade(s):

• On Tuesday, February 25th, Lauren Antonoff sold 14,091 shares of Life360 stock. The stock was sold at an average price of $42.17, for a total transaction of $594,217.47.

Life360 Stock Performance

NASDAQ:LIF traded down $1.71 on Monday, hitting $42.23. The stock had a trading volume of 656,534 shares, compared to its average volume of 271,176. The company has a fifty day moving average price of $44.05 and a two-hundred day moving average price of $42.76. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Trading of Life360

A number of hedge funds and other institutional investors have recently modified their holdings of LIF. Hodges Capital Management Inc. acquired a new stake in shares of Life360 during the third quarter valued at about $3,876,000. FMR LLC grew its stake in shares of Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares in the last quarter. State Street Corp purchased a new stake in shares of Life360 in the 3rd quarter valued at $2,393,000. Cherrydale Wealth Management LLC acquired a new position in Life360 during the 4th quarter worth about $340,000. Finally, JPMorgan Chase & Co. lifted its stake in Life360 by 295.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock worth $514,000 after acquiring an additional 9,754 shares in the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LIF has been the subject of several research reports. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group increased their target price on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, JMP Securities boosted their price target 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. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Life360 has an average rating of “Buy” and an average price target of $47.63.

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.