Life360 (NASDAQ:LIF) Director Alex Haro Sells 50,000 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Alex Haro sold 50,000 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $41.44, for a total value of $2,072,000.00. Following the sale, the director owned 1,010,303 shares of the company’s stock, valued at approximately $41,866,956.32. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alex Haro also recently made the following trade(s):

• On Monday, September 21st, Alex Haro sold 50,000 shares of Life360 stock. The shares were sold at an average price of $40.88, for a total value of $2,044,000.00.

Life360 Trading Up 1.6%

LIF opened at $41.88 on Friday. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 24.49 and a beta of 2.27. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $109.48. The company has a 50-day simple moving average of $45.71 and a 200 day simple moving average of $46.19.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Analysts predict that Life360, Inc. will post 0.53 EPS for the current fiscal year.

Institutional Trading of Life360

A number of hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in Life360 by 455.0% in the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock valued at $18,918,000 after buying an additional 379,941 shares during the last quarter. Bank of America Corp DE grew its holdings in Life360 by 312.8% during the 1st quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock worth $16,626,000 after acquiring an additional 308,632 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Life360 in the 2nd quarter valued at approximately $15,547,000. Dimensional Fund Advisors LP raised its stake in shares of Life360 by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 303,479 shares of the company’s stock valued at $12,385,000 after acquiring an additional 49,429 shares during the last quarter. Finally, Milford Funds Ltd. bought a new stake in shares of Life360 in the fourth quarter worth $9,604,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LIF has been the topic of a number of research analyst reports. Bank of America raised their target price on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Morgan Stanley set a $65.20 price objective on Life360 in a research report on Wednesday, August 12th. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Life360 in a research note on Tuesday, September 29th. UBS Group lowered their target price on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.94.

Life360 Company Profile

Life360, Inc is a technology company that develops products designed to help families and groups stay connected, coordinate activities and improve personal safety. Its flagship Life360 mobile application provides location sharing, communication tools, driving-related features, emergency assistance and other services intended for family and community use.

The company also operates Tile, a brand of Bluetooth-enabled item-finding devices and related software that helps users locate keys, luggage, electronics and other belongings.