Insider Selling: Life360 (NASDAQ:LIF) Director Sells 7,930 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $68.30, for a total value of $541,619.00. Following the completion of the sale, the director directly owned 105,456 shares of the company’s stock, valued at $7,202,644.80. The trade was a 6.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Life360 Stock Performance

LIF stock traded down $3.82 during midday trading on Wednesday, reaching $60.43. The company had a trading volume of 1,883,772 shares, compared to its average volume of 769,515. The firm has a market capitalization of $4.74 billion, a PE ratio of 177.74 and a beta of 3.60. The stock has a 50 day moving average price of $84.10 and a 200 day moving average price of $81.73. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.08. Life360 had a return on equity of 7.95% and a net margin of 6.46%.The business had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. Analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. DA Davidson started coverage on shares of Life360 in a report on Thursday, December 11th. They set a “buy” rating and a $94.00 price target for the company. Citigroup reissued a “market outperform” rating on shares of Life360 in a research note on Tuesday, November 11th. Stifel Nicolaus set a $92.00 target price on shares of Life360 in a research report on Tuesday, December 9th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 price target on shares of Life360 in a report on Tuesday. Finally, Wall Street Zen cut Life360 from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.63.

Hedge Funds Weigh In On Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its position in Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after acquiring an additional 239 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Life360 in the 3rd quarter worth approximately $32,000. CWM LLC raised its holdings in shares of Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares in the last quarter. IFP Advisors Inc acquired a new stake in Life360 during the third quarter valued at approximately $47,000. Finally, Jones Financial Companies Lllp boosted its holdings in Life360 by 1,663.3% during the third quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock worth $55,000 after buying an additional 499 shares in the last quarter. 20.00% of the stock is owned by institutional investors.

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.