Insider Selling: Life360, Inc. (NASDAQ:LIF) General Counsel Sells 500 Shares of Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of Life360 stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $46.89, for a total value of $23,445.00. Following the completion of the sale, the general counsel now owns 111,309 shares of the company’s stock, valued at $5,219,279.01. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Life360 Price Performance

NASDAQ LIF opened at $58.27 on Thursday. The business has a fifty day moving average price of $40.14 and a 200 day moving average price of $42.93. Life360, Inc. has a one year low of $26.00 and a one year high of $62.64.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The business had revenue of $103.62 million during the quarter, compared to the consensus estimate of $101.48 million. On average, equities research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LIF has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their price target on Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. UBS Group upped their target price on Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Loop Capital upped their target price on Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $49.50.

Hedge Funds Weigh In On Life360

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund purchased a new position in shares of Life360 in the 4th quarter valued at about $25,000. Summit Investment Advisors Inc. boosted its stake in shares of Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after buying an additional 484 shares during the period. GAMMA Investing LLC boosted its stake in shares of Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock valued at $84,000 after buying an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Life360 by 937.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock valued at $84,000 after buying an additional 1,978 shares during the period. Finally, KBC Group NV purchased a new position in shares of Life360 in the 4th quarter valued at about $147,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

About Life360

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.