Insider Selling: Life360, Inc. (NASDAQ:LIF) General Counsel Sells 500 Shares of Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of Life360 stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $40.26, for a total value of $20,130.00. Following the completion of the sale, the general counsel now directly owns 85,752 shares in the company, valued at $3,452,375.52. This represents a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Life360 Trading Down 0.8 %

NASDAQ:LIF opened at $38.63 on Friday. The firm’s fifty day moving average price is $43.55 and its two-hundred day moving average price is $42.89. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF) last released 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 net margin of 4.72% and a negative return on equity of 4.03%. On average, sell-side analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $52.00 to $55.00 in a research note 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $47.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. WealthPlan Investment Management LLC grew its position in Life360 by 2.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock worth $412,000 after buying an additional 247 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after buying an additional 484 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Life360 in the fourth quarter worth about $25,000. Corebridge Financial Inc. boosted its position in Life360 by 64.0% in the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock valued at $210,000 after buying an additional 1,987 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Life360 during the 3rd quarter valued at $98,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.