Chris Hulls Sells 16,042 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 16,042 shares of Life360 stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $47.07, for a total transaction of $755,096.94. Following the completion of the transaction, the director directly owned 406,899 shares of the company’s stock, valued at $19,152,735.93. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.
• On Thursday, April 16th, Chris Hulls sold 16,105 shares of Life360 stock. The shares were sold at an average price of $45.51, for a total transaction of $732,938.55.

Life360 Trading Down 2.1%

Shares of NASDAQ:LIF traded down $1.03 during trading on Tuesday, reaching $46.94. The company’s stock had a trading volume of 495,628 shares, compared to its average volume of 1,122,488. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54. The firm’s 50 day simple moving average is $43.89 and its two-hundred day simple moving average is $50.97. The stock has a market capitalization of $3.80 billion, a PE ratio of 27.13 and a beta of 2.63.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LIF shares. Wall Street Zen downgraded Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Bank of America assumed coverage on Life360 in a research report on Wednesday, April 22nd. They set a “buy” rating and a $60.00 target price on the stock. DA Davidson raised their price target on Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research note on Tuesday, May 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. Based on data from MarketBeat, Life360 has a consensus rating of “Moderate Buy” and an average target price of $64.17.

Hedge Funds Weigh In On Life360

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Life360 by 18.0% during the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after acquiring an additional 1,260,236 shares in the last quarter. Geode Capital Management LLC grew its stake in Life360 by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock worth $74,372,000 after purchasing an additional 85,857 shares in the last quarter. State Street Corp increased its holdings in Life360 by 17.3% during the 4th quarter. State Street Corp now owns 905,153 shares of the company’s stock worth $58,057,000 after purchasing an additional 133,722 shares during the period. Franklin Resources Inc. increased its holdings in Life360 by 86.3% during the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after purchasing an additional 352,110 shares during the period. Finally, Citigroup Inc. raised its position in Life360 by 158.4% during the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after purchasing an additional 459,463 shares in the last quarter. 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.