Life360, Inc. (NASDAQ:LIF) COO Sells $594,217.47 in Stock

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 14,091 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $42.17, for a total value of $594,217.47. Following the completion of the transaction, the chief operating officer now directly owns 293,769 shares of the company’s stock, valued at approximately $12,388,238.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Life360 Stock Performance

NASDAQ:LIF traded down $1.23 on Thursday, hitting $40.58. 284,566 shares of the stock were exchanged, compared to its average volume of 225,191. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76. The company’s 50-day moving average price is $43.95 and its 200 day moving average price is $42.41.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Equities analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price target for the company from $52.00 to $55.00 in a report on Friday, January 17th. JMP Securities lifted their target price on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group increased their price target on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $47.63.

Hedge Funds Weigh In On Life360

Several institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund bought a new position in Life360 during the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. increased its stake in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after purchasing an additional 484 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Life360 in the third quarter worth $98,000. MetLife Investment Management LLC bought a new position in shares of Life360 during the third quarter worth $139,000. Finally, KBC Group NV acquired a new position in shares of Life360 in the 4th quarter valued at $147,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.