Insider Selling: Life360 (NASDAQ:LIF) CEO Sells $122,844.68 in Stock

Life360, Inc. (NASDAQ:LIF) CEO Lauren Antonoff sold 2,716 shares of Life360 stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $45.23, for a total value of $122,844.68. Following the transaction, the chief executive officer owned 309,781 shares of the company’s stock, valued at $14,011,394.63. The trade was a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lauren Antonoff also recently made the following trade(s):

• On Friday, March 6th, Lauren Antonoff sold 17,153 shares of Life360 stock. The shares were sold at an average price of $44.86, for a total value of $769,483.58.

Life360 Stock Performance

NASDAQ LIF opened at $48.06 on Thursday. The stock has a 50-day simple moving average of $44.45 and a two-hundred day simple moving average of $63.99. The firm has a market capitalization of $3.88 billion, a P/E ratio of 27.46 and a beta of 3.90. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Life360 by 18.0% during the 3rd 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 during the period. Geode Capital Management LLC boosted its holdings in Life360 by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock worth $74,372,000 after buying an additional 85,857 shares during the last quarter. State Street Corp boosted its holdings in Life360 by 17.3% in the 4th quarter. State Street Corp now owns 905,153 shares of the company’s stock worth $58,057,000 after buying an additional 133,722 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after buying an additional 352,110 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Life360 by 158.4% in the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after buying an additional 459,463 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group dropped their target price on Life360 from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Canaccord Genuity Group dropped their target price on Life360 from $115.00 to $94.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Stifel Nicolaus dropped their target price on Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a research report on Friday, March 27th. Finally, DA Davidson cut Life360 from a “buy” rating to a “neutral” rating and dropped their target price for the company from $70.00 to $40.00 in a research report on Thursday, March 19th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.48.

About Life360

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.