Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick Sells 500 Shares

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $33.73, for a total transaction of $16,865.00. Following the sale, the general counsel now directly owns 112,309 shares of the company’s stock, valued at $3,788,182.57. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Life360 Stock Performance

Shares of LIF stock opened at $36.30 on Thursday. The business has a fifty day moving average of $40.46 and a 200 day moving average of $42.79. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $52.77.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data 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 net margin of 4.72% and a negative return on equity of 4.03%. The firm had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Equities research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Trading of Life360

Institutional investors and hedge funds have recently bought and sold shares of the business. WealthPlan Investment Management LLC increased its stake in shares of Life360 by 2.5% in the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock worth $412,000 after acquiring an additional 247 shares during the period. Summit Investment Advisors Inc. grew its position in 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 purchasing an additional 484 shares during the period. New York State Common Retirement Fund acquired a new stake in Life360 during the 4th quarter worth about $25,000. Corebridge Financial Inc. raised its stake in shares of Life360 by 64.0% during the 4th 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 during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock valued at $84,000 after buying an additional 2,116 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Life360 from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $47.63.

About Life360

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.