Insider Selling: Life360 (NASDAQ:LIF) Director Sells $9,444,000.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $78.70, for a total transaction of $9,444,000.00. Following the sale, the director owned 335,413 shares in the company, valued at $26,397,003.10. This represents a 26.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chris Hulls also recently made the following trade(s):

• On Tuesday, November 25th, Chris Hulls sold 311,749 shares of Life360 stock. The shares were sold at an average price of $77.10, for a total value of $24,035,847.90.

Life360 Stock Down 0.6%

Shares of LIF stock traded down $0.45 during trading on Wednesday, hitting $78.46. 908,020 shares of the company were exchanged, compared to its average volume of 1,137,670. The business’s 50-day simple moving average is $93.08 and its 200 day simple moving average is $80.35. Life360, Inc. has a twelve month low of $29.62 and a twelve month high of $112.54. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 230.76 and a beta of 3.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80.

Life360 (NASDAQ:LIF) last issued its earnings results 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. Life360 had a return on equity of 7.95% and a net margin of 6.46%.The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. Life360 has set its FY 2025 guidance at EPS. As a group, analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LIF shares. Canaccord Genuity Group upped their price target on shares of Life360 from $86.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Citigroup reissued a “market outperform” rating on shares of Life360 in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research report on Thursday, November 20th. JMP Securities upped their price target on Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 12th. Finally, Wall Street Zen raised Life360 from a “hold” rating to a “buy” rating in a research report on Saturday. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new position in shares of Life360 during the third quarter worth approximately $206,000. Advisory Services Network LLC acquired a new stake in shares of Life360 in the third quarter valued at approximately $80,000. Jacobs Levy Equity Management Inc. raised its position in Life360 by 321.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 36,464 shares of the company’s stock worth $3,876,000 after purchasing an additional 27,807 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Life360 during the 3rd quarter worth $32,000. Finally, Castleark Management LLC boosted its position in Life360 by 19.2% in the 3rd quarter. Castleark Management LLC now owns 100,802 shares of the company’s stock valued at $10,715,000 after buying an additional 16,232 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

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.