Chris Hulls Sells 311,749 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 311,749 shares of Life360 stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $77.10, for a total value of $24,035,847.90. Following the completion of the transaction, the director owned 469,749 shares of the company’s stock, valued at approximately $36,217,647.90. The trade was a 39.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 26th, Chris Hulls sold 120,000 shares of Life360 stock. The stock was sold at an average price of $78.70, for a total transaction of $9,444,000.00.

Life360 Stock Performance

LIF stock traded down $0.45 during mid-day trading on Wednesday, reaching $78.46. The company had a trading volume of 908,020 shares, compared to its average volume of 1,137,670. The stock’s 50-day simple moving average is $93.08 and its two-hundred day simple moving average is $80.35. The stock has a market capitalization of $6.15 billion, a P/E ratio of 230.76 and a beta of 3.41. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79. Life360, Inc. has a one year low of $29.62 and a one year high of $112.54.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The business had revenue of $124.50 million during the quarter, compared to the consensus estimate of $119.26 million. Life360 has set its FY 2025 guidance at EPS. Research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a report on Thursday, November 20th. Citigroup reaffirmed a “market outperform” rating on shares of Life360 in a research report on Tuesday, November 11th. Canaccord Genuity Group raised their price target on Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. JMP Securities boosted their price target on Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 12th. Finally, Evercore ISI increased their price objective on Life360 from $55.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Hedge Funds Weigh In On Life360

Several hedge funds have recently modified their holdings of the stock. CWM LLC raised its position in shares of Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the period. SBI Securities Co. Ltd. lifted its position in Life360 by 824.1% during the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after acquiring an additional 239 shares during the last quarter. California State Teachers Retirement System lifted its position in Life360 by 0.4% during the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock worth $4,026,000 after acquiring an additional 254 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Life360 during the third quarter worth approximately $32,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Life360 by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after purchasing an additional 343 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.