Life360 (NASDAQ:LIF) CEO Sells $345,950.60 in Stock

Life360, Inc. (NASDAQ:LIF) CEO Lauren Antonoff sold 4,546 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $76.10, for a total value of $345,950.60. Following the completion of the sale, the chief executive officer directly owned 324,827 shares of the company’s stock, valued at $24,719,334.70. The trade was a 1.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, October 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The shares were sold at an average price of $93.01, for a total value of $422,823.46.
• On Wednesday, September 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The shares were sold at an average price of $101.52, for a total value of $461,509.92.
• On Friday, September 5th, Lauren Antonoff sold 17,764 shares of Life360 stock. The stock was sold at an average price of $90.90, for a total value of $1,614,747.60.

Life360 Stock Performance

NASDAQ LIF opened at $78.46 on Friday. The company has a fifty day simple moving average of $92.58 and a 200 day simple moving average of $80.34. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $112.54. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79. The company has a market cap of $6.15 billion, a P/E ratio of 230.76 and a beta of 3.41.

Life360 (NASDAQ:LIF) last released 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. The firm had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. Life360 has set its FY 2025 guidance at EPS. Sell-side analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Life360 from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Evercore ISI raised their target price on Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. UBS Group decreased their price target on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a research report on Wednesday. Finally, JMP Securities raised their price objective on Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund increased its position in shares of Life360 by 433.3% during the 1st quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock valued at $123,000 after purchasing an additional 2,600 shares during the last quarter. Federated Hermes Inc. grew its position in Life360 by 75.6% during the first quarter. Federated Hermes Inc. now owns 48,773 shares of the company’s stock valued at $1,872,000 after buying an additional 21,004 shares during the period. Vanguard Group Inc. increased its holdings in Life360 by 3,865.6% during the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock worth $218,194,000 after buying an additional 5,540,302 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Life360 by 24.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 52,450 shares of the company’s stock worth $2,014,000 after buying an additional 10,264 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Life360 by 133.4% in the first quarter. Deutsche Bank AG now owns 9,650 shares of the company’s stock worth $370,000 after acquiring an additional 5,516 shares during the period. Hedge funds and other 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.