Insider Selling: Life360 (NASDAQ:LIF) Director Sells 27,466 Shares

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 27,466 shares of Life360 stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $44.31, for a total value of $1,217,018.46. Following the completion of the transaction, the director owned 191,694 shares in the company, valued at $8,493,961.14. This trade represents a 12.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

James Synge also recently made the following trade(s):

• On Tuesday, August 25th, James Synge sold 5,833 shares of Life360 stock. The stock was sold at an average price of $45.05, for a total transaction of $262,776.65.

Life360 Stock Up 1.9%

Shares of LIF stock traded up $0.84 during mid-day trading on Thursday, hitting $44.26. 491,090 shares of the stock traded hands, compared to its average volume of 1,041,401. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The stock has a market cap of $3.61 billion, a P/E ratio of 25.88 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. The stock’s fifty day moving average is $52.83 and its two-hundred day moving average is $47.42.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $158.96 million during the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. Equities analysts predict that Life360, Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on LIF. Wall Street Zen lowered shares of Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Citigroup decreased their price objective on Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a report on Thursday, August 13th. Morgan Stanley set a $65.20 price objective on Life360 in a research report on Wednesday, August 12th. Canaccord Genuity Group set a $72.00 target price on Life360 in a research note on Tuesday, May 12th. Finally, UBS Group reduced their target price on Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.72.

Institutional Trading of Life360

Large investors have recently bought and sold shares of the stock. Amundi increased its stake in Life360 by 156.5% during the 2nd quarter. Amundi now owns 12,969 shares of the company’s stock valued at $718,000 after purchasing an additional 7,912 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Life360 during the second quarter worth $908,000. California State Teachers Retirement System lifted its stake in shares of Life360 by 5,442.5% during the second quarter. California State Teachers Retirement System now owns 4,801,705 shares of the company’s stock worth $265,822,000 after buying an additional 4,715,070 shares during the period. AXQ Capital LP purchased a new stake in shares of Life360 during the second quarter valued at $505,000. Finally, Greenspring Advisors LLC grew its holdings in shares of Life360 by 5.9% during the second quarter. Greenspring Advisors LLC now owns 173,271 shares of the company’s stock valued at $9,592,000 after buying an additional 9,689 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.