Insider Selling: Life360 (NASDAQ:LIF) Director Sells $660,728.86 in Stock

Life360, Inc. (NASDAQ:LIFGet Free Report) Director Chris Hulls sold 16,379 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $40.34, for a total value of $660,728.86. Following the transaction, the director directly owned 403,485 shares in the company, valued at approximately $16,276,584.90. The trade was a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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, April 16th, Chris Hulls sold 16,105 shares of Life360 stock. The stock was sold at an average price of $45.51, for a total value of $732,938.55.
  • On Thursday, March 19th, Chris Hulls sold 15,133 shares of Life360 stock. The shares were sold at an average price of $39.43, for a total value of $596,694.19.

Life360 Price Performance

LIF stock opened at $46.26 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. The firm has a market capitalization of $3.75 billion, a P/E ratio of 26.74 and a beta of 2.62. The business’s 50-day moving average is $42.21 and its two-hundred day moving average is $53.45. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $112.54.

Analyst Ratings Changes

LIF has been the topic of a number of recent analyst reports. DA Davidson reiterated a “neutral” rating and issued a $40.00 price objective on shares of Life360 in a report on Wednesday, May 13th. Bank of America initiated coverage on Life360 in a report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price objective on the stock. Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. UBS Group dropped their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Macquarie Infrastructure initiated coverage on Life360 in a report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.94.

Get Our Latest Stock Analysis on Life360

Key Life360 News

Here are the key news stories impacting Life360 this week:

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its stake in Life360 by 824.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after buying an additional 239 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Life360 during the 3rd quarter worth approximately $32,000. Strive Financial Group LLC purchased a new position in Life360 during the 4th quarter worth approximately $26,000. IFP Advisors Inc purchased a new position in Life360 during the 3rd quarter worth approximately $47,000. Finally, MCF Advisors LLC purchased a new position in Life360 during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

About Life360

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Life360 (NASDAQ:LIF)

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