Life360 (NASDAQ:LIF) Director Sells $256,025.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Brit Morin sold 4,655 shares of Life360 stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $55.00, for a total transaction of $256,025.00. Following the sale, the director directly owned 25,975 shares of the company’s stock, valued at $1,428,625. This represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Price Performance

LIF opened at $57.71 on Friday. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $45.63 and its 200-day simple moving average is $49.93. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 33.36 and a beta of 2.34.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its holdings in Life360 by 0.4% in the second 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 in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of Life360 by 8.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock valued at $232,000 after buying an additional 273 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Life360 by 21.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock valued at $107,000 after buying an additional 292 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Life360 in the 3rd quarter worth approximately $32,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Life360 by 1.7% in the 2nd 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 during the last quarter. Institutional investors own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LIF. DA Davidson raised their target price on shares of Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. Bank of America started coverage on shares of Life360 in a research report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price target for the company. Citigroup reiterated a “buy” rating on shares of Life360 in a research note on Monday, June 8th. Macquarie Infrastructure assumed coverage on shares of Life360 in a report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price objective on the stock. Finally, UBS Group reduced their price objective on shares of Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.17.

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.