Chris Hulls Sells 250,000 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 250,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the transaction, the director owned 382,056 shares of the company’s stock, valued at $17,895,503.04. This represents a 39.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Chris Hulls also recently made the following trade(s):

• On Tuesday, August 4th, Chris Hulls sold 27,000 shares of Life360 stock. The shares were sold at an average price of $63.34, for a total transaction of $1,710,180.00.
• On Thursday, June 18th, Chris Hulls sold 16,042 shares of Life360 stock. The shares were sold at an average price of $47.07, for a total transaction of $755,096.94.
• On Thursday, May 28th, Chris Hulls sold 16,379 shares of Life360 stock. The stock was sold at an average price of $40.34, for a total transaction of $660,728.86.

Life360 Stock Performance

Shares of NASDAQ:LIF traded down $3.55 during trading hours on Wednesday, hitting $43.19. The stock had a trading volume of 1,091,985 shares, compared to its average volume of 1,016,035. The stock’s fifty day simple moving average is $53.08 and its 200 day simple moving average is $47.95. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 133.54 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $158.96 million during the quarter, compared to the consensus estimate of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. Sell-side analysts anticipate that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LIF. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Life360 in a research note on Friday, August 7th. DA Davidson increased their target price on shares of Life360 from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. UBS Group reduced their target price on shares of Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Morgan Stanley set a $65.20 price target on Life360 in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.72.

Institutional Trading of Life360

A number of hedge funds have recently bought and sold shares of LIF. Jefferies Financial Group Inc. purchased a new position in shares of Life360 in the second quarter worth approximately $676,000. Capstone Investment Advisors LLC acquired a new position in Life360 in the 2nd quarter worth approximately $254,000. Jupiter Topco LLC acquired a new position in Life360 in the 2nd quarter worth approximately $1,954,000. Lead Edge Capital Management LLC purchased a new position in Life360 during the 2nd quarter worth approximately $489,050,000. Finally, Legal & General Group Plc acquired a new stake in Life360 during the 2nd quarter valued at $9,467,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

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.