Russell John Burke Sells 3,104 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $34.39, for a total value of $106,746.56. Following the completion of the transaction, the chief financial officer now owns 208,395 shares in the company, valued at $7,166,704.05. The trade was a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Russell John Burke also recently made the following trade(s):

• On Monday, March 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $39.35, for a total value of $122,142.40.
• On Monday, March 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $42.51, for a total value of $131,951.04.
• On Monday, February 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $43.60, for a total transaction of $135,334.40.
• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $44.94, for a total transaction of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $46.78, for a total value of $145,205.12.

Life360 Stock Up 2.9 %

Shares of LIF opened at $34.94 on Friday. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $52.77. The stock has a 50 day simple moving average of $40.95 and a two-hundred day simple moving average of $42.87.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $114.39 million. On average, equities research analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new position in shares of Life360 during the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. raised its holdings in Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock worth $84,000 after purchasing an additional 2,116 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Life360 during the 3rd quarter valued at about $98,000. Finally, KBC Group NV purchased a new position in shares of Life360 during the fourth quarter valued at about $147,000. Institutional investors own 20.00% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Life360 currently has an average rating of “Buy” and a consensus target price of $47.63.

About Life360

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.