Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke Sells 3,104 Shares

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $42.51, for a total value of $131,951.04. Following the transaction, the chief financial officer now owns 184,961 shares in the company, valued at $7,862,692.11. This represents a 1.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 transaction 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 shares were sold at an average price of $42.74, for a total transaction of $132,664.96.
• On Monday, December 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $41.41, for a total transaction of $128,536.64.

Life360 Stock Performance

NASDAQ LIF traded down $0.08 on Wednesday, reaching $40.63. 536,633 shares of the company were exchanged, compared to its average volume of 292,618. The business’s fifty day moving average price is $44.02 and its 200 day moving average price is $42.75. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $114.39 million. On average, research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On Life360

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

Analysts Set New Price Targets

LIF has been the subject of several research reports. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group boosted 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. Finally, JMP Securities increased their price objective on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Life360 currently has a consensus 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.