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

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction on Friday, May 1st. The stock was sold at an average price of $44.16, for a total transaction of $176,640.00. Following the sale, the director directly owned 32,431 shares of the company’s stock, valued at $1,432,152.96. This represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Wednesday, April 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $41.32, for a total value of $165,280.00.

Life360 Price Performance

LIF opened at $43.38 on Thursday. The stock has a 50-day moving average price of $43.51 and a 200-day moving average price of $60.37. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54. The company has a current ratio of 6.26, a quick ratio of 6.16 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.50 billion, a P/E ratio of 24.79 and a beta of 2.81.

Wall Street Analyst Weigh In

LIF has been the topic of several research reports. Stifel Nicolaus decreased their price target on shares of Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 27th. Wall Street Zen lowered shares of Life360 from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research report on Friday, March 27th. Citigroup lowered their price target on shares of Life360 from $68.50 to $68.30 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, DA Davidson cut Life360 from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $40.00 in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Life360 presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.35.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Life360 by 18.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after buying an additional 1,260,236 shares during the period. Norges Bank bought a new position in shares of Life360 during the fourth quarter valued at about $47,097,000. Citigroup Inc. raised its stake in shares of Life360 by 158.4% during the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after acquiring an additional 459,463 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Life360 during the third quarter worth about $44,632,000. Finally, Principal Financial Group Inc. boosted its holdings 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 worth $18,918,000 after purchasing an additional 379,941 shares during the period. 20.00% of the stock is owned by hedge funds and other institutional investors.

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.