Insider Selling: Life360, Inc. (NASDAQ:LIF) Director Sells $1,085,750.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 25,000 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $43.43, for a total value of $1,085,750.00. Following the transaction, the director now owns 241,944 shares in the company, valued at approximately $10,507,627.92. This represents a 9.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Life360 Stock Up 1.8 %

LIF opened at $40.30 on Friday. The company has a fifty day moving average of $43.93 and a two-hundred day moving average of $42.73. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group boosted their price target on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and upped their target price 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Life360 currently has a consensus rating of “Buy” and a consensus price target of $47.63.

Hedge Funds Weigh In On Life360

Several hedge funds and other institutional investors have recently made changes to their positions in LIF. FMR LLC raised its stake in Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after purchasing an additional 86,917 shares during the last quarter. Millennium Management LLC raised its position in shares of Life360 by 9.2% in the fourth quarter. Millennium Management LLC now owns 1,114,922 shares of the company’s stock valued at $46,013,000 after buying an additional 94,077 shares during the last quarter. Wealthstream Advisors Inc. purchased a new position in shares of Life360 in the third quarter worth about $35,538,000. Franklin Resources Inc. boosted its position in Life360 by 402.9% during the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock worth $22,269,000 after acquiring an additional 432,292 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock valued at $16,975,000 after acquiring an additional 190,422 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.