Charles Prober Sells 7,930 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $46.07, for a total transaction of $365,335.10. Following the completion of the sale, the director owned 109,911 shares of the company’s stock, valued at approximately $5,063,599.77. This trade represents a 6.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Trading Up 4.2%

NASDAQ LIF opened at $49.02 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. The firm has a market cap of $3.97 billion, a PE ratio of 28.34 and a beta of 2.62. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54. The firm’s fifty day moving average is $43.66 and its two-hundred day moving average is $51.34.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System grew its stake in shares of Life360 by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock worth $4,026,000 after purchasing an additional 254 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Life360 by 8.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock valued at $232,000 after purchasing an additional 273 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Life360 by 21.1% in the fourth quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock valued at $107,000 after purchasing an additional 292 shares during the period. NewEdge Advisors LLC purchased a new stake in Life360 during the third quarter worth about $32,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Life360 by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock worth $1,379,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

LIF has been the subject of several analyst reports. UBS Group reduced their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Citigroup reissued a “buy” rating on shares of Life360 in a report on Monday, June 8th. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Macquarie Infrastructure assumed coverage on Life360 in a report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price target for the company. Finally, Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Life360 presently has a consensus rating of “Moderate Buy” and an average target price of $63.94.

Life360 Company Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.