Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff Sells 5,500 Shares

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 5,500 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $38.38, for a total transaction of $211,090.00. Following the completion of the transaction, the chief operating officer now directly owns 312,302 shares of the company’s stock, valued at approximately $11,986,150.76. This trade represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Lauren Antonoff also recently made the following trade(s):

• On Monday, March 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The stock was sold at an average price of $38.64, for a total transaction of $175,657.44.
• On Thursday, March 6th, Lauren Antonoff sold 13,106 shares of Life360 stock. The shares were sold at an average price of $42.08, for a total transaction of $551,500.48.
• On Tuesday, February 25th, Lauren Antonoff sold 14,091 shares of Life360 stock. The stock was sold at an average price of $42.17, for a total value of $594,217.47.

Life360 Stock Performance

LIF opened at $39.48 on Thursday. The business has a fifty day moving average of $43.19 and a 200 day moving average of $43.06. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.77.

Life360 (NASDAQ:LIF) last issued its 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 company had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Life360

A number of institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its holdings in shares of Life360 by 402.9% in the fourth 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 period. Lord Abbett & CO. LLC purchased a new stake in shares of Life360 in the 3rd quarter worth $7,995,000. Marshall Wace LLP grew its position in shares of Life360 by 86.2% during the 4th 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 in the last quarter. Citadel Advisors LLC increased its stake in shares of Life360 by 1,233.3% during the fourth quarter. Citadel Advisors LLC now owns 200,781 shares of the company’s stock valued at $8,286,000 after buying an additional 185,722 shares during the period. Finally, Swiss National Bank bought a new stake in shares of Life360 in the fourth quarter valued at about $5,717,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group raised Life360 from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock 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.