Insider Selling: Life360 (NASDAQ:LIF) Director Sells $219,280.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $54.82, for a total transaction of $219,280.00. Following the completion of the transaction, the director owned 20,431 shares in the company, valued at approximately $1,120,027.42. This represents a 16.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Philip Coghlan also recently made the following trade(s):

• On Wednesday, July 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $56.07, for a total transaction of $224,280.00.
• On Monday, June 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $43.99, for a total transaction of $175,960.00.

Life360 Trading Up 5.9%

Life360 stock opened at $63.19 on Friday. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.12 billion, a P/E ratio of 36.53 and a beta of 2.35. The company’s fifty day simple moving average is $52.43 and its 200-day simple moving average is $48.43.

Institutional Trading of Life360

Several large investors have recently made changes to their positions in LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Life360 by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after acquiring an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Life360 by 12.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock worth $5,327,000 after purchasing an additional 15,420 shares during the period. Strs Ohio bought a new stake in Life360 during the first quarter worth approximately $157,000. New York State Common Retirement Fund grew its holdings in Life360 by 59.4% during the second quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock valued at $333,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Life360 by 1,065.1% during the second quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock valued at $10,699,000 after purchasing an additional 149,896 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

Analysts Set New Price Targets

LIF has been the topic of several research reports. Macquarie Infrastructure started coverage on Life360 in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price on the stock. Morgan Stanley began coverage on Life360 in a report on Tuesday, July 21st. They set an “overweight” rating and a $66.24 price target for the company. Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Bank of America increased their price objective on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, Wall Street Zen cut shares of Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.81.

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.