Russell John Burke Sells 3,104 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $43.60, for a total value of $135,334.40. Following the transaction, the chief financial officer now directly owns 142,546 shares in the company, valued at $6,215,005.60. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $44.94, for a total value of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $46.78, for a total value of $145,205.12.
• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $42.74, for a total value of $132,664.96.
• On Monday, December 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $41.41, for a total value of $128,536.64.
• On Tuesday, December 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $43.97, for a total value of $136,482.88.

Life360 Trading Up 11.4 %

Shares of NASDAQ:LIF opened at $45.20 on Friday. The business’s 50 day simple moving average is $44.01 and its two-hundred day simple moving average is $42.47. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.76.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. On average, research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

LIF has been the subject of a number of research analyst reports. Canaccord Genuity Group boosted their price target on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. JMP Securities upped their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. Finally, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and upped their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $47.63.

Institutional Trading of Life360

Institutional investors and hedge funds have recently modified their holdings of the stock. Hodges Capital Management Inc. purchased a new stake in shares of Life360 in the third quarter worth approximately $3,876,000. FMR LLC raised its stake in shares of Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after purchasing an additional 86,917 shares during the last quarter. State Street Corp purchased a new stake in shares of Life360 in the third quarter worth approximately $2,393,000. Cherrydale Wealth Management LLC purchased a new stake in shares of Life360 in the fourth quarter worth approximately $340,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Life360 by 295.6% in the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock worth $514,000 after purchasing an additional 9,754 shares during the last quarter. 20.00% of the stock is owned by hedge funds and other 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.