Chris Hulls Sells 250,000 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 250,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $46.84, for a total value of $11,710,000.00. Following the completion of the sale, the director directly owned 382,056 shares of the company’s stock, valued at approximately $17,895,503.04. This trade represents a 39.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Chris Hulls also recently made the following trade(s):

• On Tuesday, August 4th, Chris Hulls sold 27,000 shares of Life360 stock. The shares were sold at an average price of $63.34, for a total value of $1,710,180.00.
• On Thursday, June 18th, Chris Hulls sold 16,042 shares of Life360 stock. The stock was sold at an average price of $47.07, for a total value of $755,096.94.
• On Thursday, May 28th, Chris Hulls sold 16,379 shares of Life360 stock. The stock was sold at an average price of $40.34, for a total value of $660,728.86.

Life360 Trading Up 6.1%

NASDAQ:LIF opened at $45.82 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The stock’s 50-day moving average is $53.06 and its two-hundred day moving average is $47.76. The stock has a market cap of $3.73 billion, a PE ratio of 26.80 and a beta of 2.35.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. As a group, equities research analysts forecast that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LIF shares. Weiss Ratings restated a “sell (d+)” rating on shares of Life360 in a report on Friday, August 7th. UBS Group reduced their price objective on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Morgan Stanley set a $65.20 target price on Life360 in a research note on Wednesday, August 12th. DA Davidson upped their target price on Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Citigroup cut their price target on Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Life360 has a consensus rating of “Moderate Buy” and an average price target of $60.72.

Hedge Funds Weigh In On Life360

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its position in shares of Life360 by 0.4% in the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after purchasing an additional 254 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Life360 by 8.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock worth $232,000 after purchasing an additional 273 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Life360 by 21.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock valued at $107,000 after purchasing an additional 292 shares during the period. NewEdge Advisors LLC bought a new stake in Life360 during the 3rd quarter valued at approximately $32,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Life360 by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after buying an additional 343 shares during the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

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.