Life360, Inc. (NASDAQ:LIF) CFO Sells $122,142.40 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $39.35, for a total transaction of $122,142.40. Following the completion of the transaction, the chief financial officer now directly owns 181,857 shares in the company, valued at $7,156,072.95. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Russell John Burke also recently made the following trade(s):

• On Monday, March 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $42.51, for a total value of $131,951.04.
• On Monday, February 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $43.60, for a total value of $135,334.40.
• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $44.94, for a total value of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12.
• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $42.74, for a total transaction of $132,664.96.

Life360 Price Performance

Shares of LIF stock opened at $38.63 on Friday. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.77. The stock has a 50-day moving average of $43.55 and a 200-day moving average of $42.89.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The firm had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. bought a new position in shares of Life360 during the 3rd quarter worth approximately $547,000. The Manufacturers Life Insurance Company acquired a new position in shares of Life360 during the 3rd quarter valued at $675,000. FMR LLC boosted its stake in Life360 by 6.1% during the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after acquiring an additional 86,917 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Life360 in the third quarter worth $98,000. Finally, MetLife Investment Management LLC bought a new stake in Life360 in the third quarter valued at $139,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIF has been the topic of a number of research reports. Canaccord Genuity Group boosted their target price 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 raised Life360 from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Seven investment 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.com, the company presently has an average rating of “Buy” and an average target price of $47.63.

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.