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 that occurred on Tuesday, March 11th. The stock was sold at an average price of $40.29, for a total value of $20,145.00. Following the completion of the sale, the general counsel now directly owns 86,252 shares in the company, valued at approximately $3,475,093.08. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Life360 Price Performance

LIF traded down $1.04 during trading hours on Thursday, reaching $39.59. 410,745 shares of the company’s stock traded hands, compared to its average volume of 295,078. The firm has a 50-day moving average price of $43.98 and a 200 day moving average price of $42.72. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.76.

Life360 (NASDAQ:LIF) last issued its 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 return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. As a group, sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Life360

Several hedge funds have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after buying an additional 86,917 shares during the period. Millennium Management LLC grew its stake in Life360 by 9.2% during the 4th quarter. Millennium Management LLC now owns 1,114,922 shares of the company’s stock valued at $46,013,000 after purchasing an additional 94,077 shares during the last quarter. Wealthstream Advisors Inc. purchased a new stake in Life360 during the 3rd quarter valued at about $35,538,000. Franklin Resources Inc. grew its stake in Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock valued at $22,269,000 after purchasing an additional 432,292 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Life360 by 86.2% in the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock worth $16,975,000 after buying an additional 190,422 shares during the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LIF. Canaccord Genuity Group lifted their target price on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. JMP Securities lifted their target price on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Finally, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Life360 presently has an average rating of “Buy” and a consensus target price 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.