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

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $43.29, for a total transaction of $343,289.70. Following the completion of the sale, the director owned 109,930 shares of the company’s stock, valued at approximately $4,758,869.70. The trade was a 6.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Down 2.5%

LIF stock opened at $41.07 on Friday. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $100.18. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.35 billion, a PE ratio of 24.02 and a beta of 2.27. The business’s 50-day simple moving average is $43.64 and its 200 day simple moving average is $46.24.

Life360 (NASDAQ:LIF) last posted its quarterly 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). Life360 had a net margin of 25.73% and a return on equity of 5.66%. The firm had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. On average, research analysts anticipate that Life360, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LIF. Weiss Ratings upgraded Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Citigroup reduced their target price on Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research report on Thursday, August 13th. Morgan Stanley set a $65.20 price target on shares of Life360 in a research note on Wednesday, August 12th. DA Davidson reiterated a “neutral” rating and set a $40.00 price target on shares of Life360 in a research note on Tuesday, September 29th. Finally, UBS Group lowered their price target on shares of Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Life360 has a consensus rating of “Moderate Buy” and a consensus target price of $59.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. The Manufacturers Life Insurance Company acquired a new stake in Life360 during the second quarter valued at approximately $1,444,000. California State Teachers Retirement System grew its stake in shares of Life360 by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock valued at $3,536,000 after purchasing an additional 16,461 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Life360 in the 2nd quarter worth approximately $15,547,000. Greenspring Advisors LLC acquired a new position in shares of Life360 in the 2nd quarter worth approximately $9,592,000. Finally, Jupiter Topco LLC acquired a new position in shares of Life360 in the 2nd quarter worth approximately $1,954,000. Institutional investors own 20.00% of the company’s stock.

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.