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

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $54.82, for a total value of $219,280.00. Following the transaction, the director owned 20,431 shares in the company, valued at $1,120,027.42. This represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, July 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $56.07, for a total value of $224,280.00.
• On Monday, June 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $43.99, for a total value of $175,960.00.

Life360 Stock Performance

Shares of NASDAQ:LIF traded down $2.52 during trading on Wednesday, hitting $61.45. 462,591 shares of the stock were exchanged, compared to its average volume of 1,027,528. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 35.52 and a beta of 2.35. The company’s fifty day simple moving average is $51.26 and its 200-day simple moving average is $48.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37.

Institutional Trading of Life360

Large investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its stake in shares of Life360 by 2.4% in the second quarter. Handelsbanken Fonder AB now owns 25,300 shares of the company’s stock valued at $1,401,000 after acquiring an additional 600 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Life360 by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after acquiring an additional 569 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Life360 during the 1st quarter worth approximately $76,000. Bank of America Corp DE grew its position in Life360 by 312.8% during the 1st quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock worth $16,626,000 after acquiring an additional 308,632 shares during the last quarter. Finally, Amundi acquired a new stake in Life360 during the 1st quarter valued at $206,000. 20.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on LIF shares. Evercore set a $68.00 target price on Life360 in a research report on Tuesday, May 12th. Morgan Stanley began coverage on shares of Life360 in a report on Tuesday, July 21st. They issued an “overweight” rating and a $66.24 price target on the stock. Wall Street Zen cut shares of Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Citigroup raised their price objective on shares of Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a report on Monday, July 6th. Finally, UBS Group decreased their target price on shares of Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Life360 has an average rating of “Moderate Buy” and an average price target of $64.81.

Life360 Company Profile

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.