Life360 (NASDAQ:LIF) Director John Philip Coghlan Sells 4,000 Shares

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $54.82, for a total value of $219,280.00. Following the sale, the director directly owned 20,431 shares of the company’s stock, valued at $1,120,027.42. This represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Philip Coghlan also recently made the following trade(s):

• On Wednesday, July 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $56.07, for a total value of $224,280.00.
• On Monday, June 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $43.99, for a total value of $175,960.00.

Life360 Stock Performance

LIF stock opened at $61.45 on Thursday. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 35.52 and a beta of 2.35. The business’s fifty day simple moving average is $51.65 and its two-hundred day simple moving average is $48.30. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.

Institutional Trading of Life360

A number of hedge funds have recently added to or reduced their stakes in LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock worth $237,000 after acquiring an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Life360 by 12.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock valued at $5,327,000 after purchasing an additional 15,420 shares in the last quarter. Strs Ohio bought a new stake in shares of Life360 in the 1st quarter valued at about $157,000. New York State Common Retirement Fund lifted its position in shares of Life360 by 59.4% in the 2nd quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock worth $333,000 after purchasing an additional 1,900 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Life360 by 1,065.1% in the 2nd quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock worth $10,699,000 after purchasing an additional 149,896 shares during the period. 20.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LIF shares. UBS Group decreased their price objective on shares of Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Citigroup upped their target price on shares of Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a research note on Monday, July 6th. Macquarie Infrastructure assumed coverage on shares of Life360 in a research note on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price target for the company. DA Davidson boosted their price target on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Finally, Bank of America boosted their price target on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.81.

More Life360 News

Here are the key news stories impacting Life360 this week:

• Positive Sentiment: Analyst commentary remains optimistic. Macquarie reportedly sees additional upside for Life360, while broader coverage assigns the company a consensus “Moderate Buy” rating. How high does Macquarie think Life360 shares will go? Life360 receives consensus Moderate Buy recommendation
• Positive Sentiment: A recent investment article argues that Life360 could be a strong buy this month, reflecting continued confidence in the company’s growth prospects and recurring subscription model. Why Life360 shares could be a strong buy this month
• Neutral Sentiment: Investors are also considering whether Life360 remains attractive alongside other technology stocks such as Xero. The discussion highlights potential upside but also reinforces the need to assess valuation and execution risk. Should you buy Life360 and Xero shares in August?
• Negative Sentiment: Three directors sold a combined 41,701 shares for approximately $2.57 million. Chris Hulls sold 27,000 shares, Brit Morin sold 10,701, and John Philip Coghlan sold 4,000. Each transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but the insider selling may still weigh on sentiment.

Life360 Company Profile

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.