Lauren Antonoff Sells 4,546 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 4,546 shares of the firm’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $38.78, for a total value of $176,293.88. Following the transaction, the chief operating officer now owns 340,224 shares in the company, valued at approximately $13,193,886.72. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, March 28th, Lauren Antonoff sold 5,500 shares of Life360 stock. The shares were sold at an average price of $38.38, for a total value of $211,090.00.
• 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 value 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 transaction of $594,217.47.

Life360 Stock Performance

NASDAQ:LIF opened at $41.64 on Wednesday. The firm’s 50-day moving average is $39.12 and its 200-day moving average is $42.67. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.77.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) 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 the consensus estimate of $114.39 million. Sell-side analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Stifel Nicolaus dropped their price objective on Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $47.38.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock valued at $22,269,000 after buying an additional 432,292 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company’s stock valued at $21,087,000 after acquiring an additional 418,493 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Life360 in the third quarter valued at about $7,995,000. Marshall Wace LLP raised its position in 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 purchasing an additional 190,422 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in Life360 by 1,233.3% in the fourth quarter. Citadel Advisors LLC now owns 200,781 shares of the company’s stock worth $8,286,000 after purchasing an additional 185,722 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.