Life360 (NASDAQ:LIF) Stock: Insider John Philip Coghlan Sells 4,000 Shares

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of Life360 stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $45.80, for a total value of $183,200.00. Following the transaction, the director directly owned 8,431 shares of the company’s stock, valued at approximately $386,139.80. The trade was a 32.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $40.37, for a total transaction of $161,480.00.
• On Tuesday, September 1st, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00.

Life360 Stock Down 2.5%

LIF opened at $46.87 on Friday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 27.41 and a beta of 2.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. The firm’s 50-day simple moving average is $42.78 and its 200-day simple moving average is $46.99. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $95.98.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Equities research analysts anticipate that Life360, Inc. will post 0.53 EPS for the current fiscal year.

Life360 News Roundup

Here are the key news stories impacting Life360 this week:

• Neutral Sentiment: Coverage of the Cooper Ouellette trial described how Life360 location data was used to help reconstruct Sophie Ringquist’s final hours. This showcases a real-world use of the app, but the sensitive circumstances and privacy implications make the investor impact uncertain. Article: How did Snapchat and Life360 help investigators reconstruct Sophie Ringquist’s final ride?
• Negative Sentiment: A pre-earnings article flags advertising-related risks as an investor focus ahead of the November 9 results. Any indication that ad monetization is weakening could weigh on expectations; the report should provide more clarity. Article: Life360 stock heads into November 9 report with ad risks in focus
• Negative Sentiment: Director John Coghlan sold 4,000 shares at $45.80, reducing his reported holding by 32.18%. The sale could be viewed cautiously, but it was made under a pre-arranged Rule 10b5-1 plan, which limits its value as a signal about current business prospects. Article: Life360 Director John Philip Coghlan Sells 4,000 Shares

Analyst Ratings Changes

Several brokerages have recently commented on LIF. Bank of America boosted their target price on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. UBS Group dropped their price target on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. DA Davidson reiterated a “neutral” rating and issued a $40.00 price objective on shares of Life360 in a research report on Tuesday, September 29th. Weiss Ratings raised Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Citigroup reduced their price objective on Life360 from $60.10 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.93.

Institutional Trading of Life360

Several hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of Life360 by 455.0% during the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock valued at $18,918,000 after acquiring an additional 379,941 shares during the period. Bank of America Corp DE boosted its holdings in Life360 by 312.8% in the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock valued at $16,626,000 after acquiring an additional 308,632 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Life360 in the second quarter valued at about $15,547,000. Dimensional Fund Advisors LP increased its position in Life360 by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 303,479 shares of the company’s stock worth $12,385,000 after purchasing an additional 49,429 shares during the period. Finally, Greenspring Advisors LLC acquired a new stake in Life360 in the second quarter worth about $9,592,000. 20.00% of the stock is owned by institutional investors.

About Life360

Life360, Inc is a technology company that develops connected safety and security products for families, individuals and pets. Its primary offering is the Life360 mobile application, which provides location sharing, family communication, driving safety tools, emergency assistance and other features intended to help users coordinate and stay connected.

The company also offers services such as crash detection, roadside assistance, SOS support and digital safety features. Through its ownership of Tile, Life360 provides Bluetooth-enabled finding devices and related tracking services for personal belongings.