Life360 (NASDAQ:LIF) Director Sells $165,280.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $41.32, for a total transaction of $165,280.00. Following the transaction, the director directly owned 36,431 shares in the company, valued at $1,505,328.92. This trade represents a 9.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Price Performance

NASDAQ:LIF remained flat at $40.43 on Friday. 781,590 shares of the company’s stock traded hands, compared to its average volume of 2,005,512. The stock has a fifty day moving average price of $48.72 and a two-hundred day moving average price of $70.14. Life360, Inc. has a 12 month low of $29.62 and a 12 month high of $112.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26. The firm has a market capitalization of $3.24 billion, a PE ratio of 23.10 and a beta of 3.90.

Institutional Trading of Life360

Several institutional investors have recently added to or reduced their stakes in the stock. Strive Financial Group LLC purchased a new stake in Life360 in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. grew its stake in shares of Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after buying an additional 239 shares in the last quarter. MCF Advisors LLC acquired a new stake in shares of Life360 in the fourth quarter valued at $32,000. NewEdge Advisors LLC purchased a new stake in shares of Life360 in the 3rd quarter valued at $32,000. Finally, CWM LLC lifted its stake in Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

LIF has been the subject of several analyst reports. Canaccord Genuity Group lowered their price objective on Life360 from $115.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Citigroup reaffirmed a “buy” rating on shares of Life360 in a research note on Tuesday, January 27th. Wall Street Zen cut Life360 from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. UBS Group cut their price objective on Life360 from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Finally, DA Davidson lowered shares of Life360 from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $40.00 in a report on Thursday, March 19th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.56.

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.