Life360, Inc. (NASDAQ:LIF) COO Sells $551,500.48 in Stock

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 13,106 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $551,500.48. Following the completion of the transaction, the chief operating officer now owns 280,663 shares in the company, valued at $11,810,299.04. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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

Shares of LIF opened at $40.63 on Thursday. 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 12-month low of $26.00 and a 12-month 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 analysts’ consensus estimates 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 business had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. As a group, research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Canaccord Genuity Group increased their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. JMP Securities increased their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Finally, UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Life360 presently has a consensus rating of “Buy” and a consensus target price of $47.63.

Hedge Funds Weigh In On Life360

A number of large investors have recently bought and sold shares of LIF. Wealthstream Advisors Inc. acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $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 worth $22,269,000 after buying an additional 432,292 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in Life360 in the third quarter worth $7,995,000. Marshall Wace LLP lifted its stake in Life360 by 86.2% in the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock valued at $16,975,000 after buying an additional 190,422 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings 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 acquiring an additional 185,722 shares during the period. Institutional investors own 20.00% of the company’s stock.

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.