Insider Selling: Life360 (NASDAQ:LIF) Director Sells $642,060.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Brit Morin sold 10,701 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $642,060.00. Following the sale, the director directly owned 20,157 shares of the company’s stock, valued at approximately $1,209,420. This trade represents a 34.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brit Morin also recently made the following trade(s):

• On Monday, June 29th, Brit Morin sold 4,655 shares of Life360 stock. The shares were sold at an average price of $55.00, for a total transaction of $256,025.00.

Life360 Stock Up 5.9%

Shares of LIF opened at $63.19 on Friday. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54. The company has a market cap of $5.12 billion, a P/E ratio of 36.53 and a beta of 2.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. The firm has a 50 day simple moving average of $52.43 and a two-hundred day simple moving average of $48.43.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. NewEdge Advisors LLC bought a new stake in Life360 during the 3rd quarter worth $32,000. Strive Financial Group LLC bought a new stake in shares of Life360 during the fourth quarter worth about $26,000. IFP Advisors Inc acquired a new position in shares of Life360 in the third quarter valued at approximately $47,000. MCF Advisors LLC acquired a new stake in Life360 during the 4th quarter worth approximately $32,000. Finally, Advisory Services Network LLC acquired a new stake in Life360 during the 3rd quarter worth approximately $80,000. 20.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LIF. Macquarie Infrastructure began coverage on Life360 in a research report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price objective for the company. Canaccord Genuity Group set a $72.00 target price on Life360 in a research report on Tuesday, May 12th. Bank of America boosted their target price on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Weiss Ratings cut shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Finally, DA Davidson raised their price target on shares of Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.81.

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.