Insider Selling: Life360 (NASDAQ:LIF) Director Sells 16,379 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 16,379 shares of Life360 stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $40.34, for a total value of $660,728.86. Following the sale, the director directly owned 403,485 shares in the company, valued at $16,276,584.90. The trade was a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Hulls also recently made the following trade(s):

• On Thursday, April 16th, Chris Hulls sold 16,105 shares of Life360 stock. The shares were sold at an average price of $45.51, for a total value of $732,938.55.
• On Thursday, March 19th, Chris Hulls sold 15,133 shares of Life360 stock. The shares were sold at an average price of $39.43, for a total value of $596,694.19.

Life360 Stock Performance

Life360 stock traded up $5.65 during mid-day trading on Monday, hitting $48.14. 1,582,311 shares of the company’s stock traded hands, compared to its average volume of 1,182,853. The firm has a 50 day moving average price of $41.78 and a 200 day moving average price of $54.02. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The company has a market cap of $3.90 billion, a PE ratio of 27.83 and a beta of 2.63. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LIF shares. Evercore set a $68.00 target price on Life360 in a research note on Tuesday, May 12th. Macquarie Infrastructure started coverage on Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price objective on the stock. Bank of America started coverage on Life360 in a research note on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price objective on the stock. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research note on Tuesday, May 12th. Finally, Citigroup dropped their price objective on Life360 from $68.50 to $68.30 and set a “buy” rating on the stock in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.94.

Institutional Investors Weigh In On Life360

Institutional investors and hedge funds have recently modified their holdings of the stock. Strive Financial Group LLC acquired a new stake in shares of Life360 during the fourth quarter worth $26,000. SBI Securities Co. Ltd. raised its position in shares of Life360 by 824.1% during the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after purchasing an additional 239 shares during the period. MCF Advisors LLC acquired a new stake in shares of Life360 during the fourth quarter worth $32,000. NewEdge Advisors LLC acquired a new stake in shares of Life360 during the third quarter worth $32,000. Finally, IFP Advisors Inc acquired a new stake in shares of Life360 during the third quarter worth $47,000. 20.00% of the stock is owned by institutional investors and hedge funds.

About Life360

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.