Insider Selling: Life360, Inc. (NASDAQ:LIF) CFO Sells $194,313.90 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,030 shares of Life360 stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $64.13, for a total transaction of $194,313.90. Following the completion of the transaction, the chief financial officer now directly owns 195,730 shares of the company’s stock, valued at $12,552,164.90. This trade represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Russell John Burke also recently made the following trade(s):

• On Friday, May 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $60.07, for a total transaction of $186,457.28.
• On Thursday, April 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $39.21, for a total transaction of $121,707.84.
• On Thursday, April 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $34.39, for a total transaction of $106,746.56.
• On Monday, March 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $39.35, for a total transaction of $122,142.40.

Life360 Stock Down 3.4%

LIF opened at $61.09 on Friday. The firm has a market cap of $4.68 billion and a PE ratio of 678.78. The business has a fifty day simple moving average of $50.44 and a 200-day simple moving average of $45.63. Life360, Inc. has a fifty-two week low of $28.89 and a fifty-two week high of $65.79.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The business had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. On average, equities research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Life360

A number of large investors have recently made changes to their positions in the company. WealthPlan Investment Management LLC raised its holdings in shares of Life360 by 2.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after acquiring an additional 247 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Life360 by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after acquiring an additional 378 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after acquiring an additional 484 shares during the period. New York State Common Retirement Fund acquired a new stake in shares of Life360 during the fourth quarter valued at approximately $25,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock valued at $84,000 after acquiring an additional 1,978 shares during the period. Institutional investors and hedge funds own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Canaccord Genuity Group boosted their price target on shares of Life360 from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Stifel Nicolaus dropped their target price on shares of Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. UBS Group increased their target price on shares of Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Finally, Loop Capital raised their target price on shares of Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $51.00.

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.