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 Life360 stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $56.07, for a total transaction of $224,280.00. Following the completion of the transaction, the director owned 24,431 shares of the company’s stock, valued at $1,369,846.17. The trade was a 14.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Monday, June 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $43.99, for a total value of $175,960.00.
• On Friday, May 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $44.16, for a total value of $176,640.00.

Life360 Price Performance

Shares of LIF stock traded down $0.98 during trading on Monday, hitting $56.73. The company had a trading volume of 700,573 shares, compared to its average volume of 1,107,350. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 32.79 and a beta of 2.34. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The stock’s 50-day moving average is $45.63 and its two-hundred day moving average is $49.82.

Wall Street Analyst Weigh In

LIF has been the subject of several analyst reports. DA Davidson increased their target price on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Macquarie Infrastructure initiated coverage on shares of Life360 in a report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price target on the stock. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research report on Tuesday, May 12th. Citigroup lifted their price target on shares of Life360 from $60.15 to $66.65 and gave the company a “buy” rating in a report on Monday. Finally, Bank of America started coverage on Life360 in a report on Wednesday, April 22nd. They set a “buy” rating and a $60.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Life360 presently has an average rating of “Moderate Buy” and a consensus target price of $63.98.

Hedge Funds Weigh In On Life360

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new stake in Life360 in the 3rd quarter worth about $32,000. Strive Financial Group LLC purchased a new position in Life360 in the fourth quarter worth about $26,000. IFP Advisors Inc bought a new position in shares of Life360 in the 3rd quarter worth approximately $47,000. MCF Advisors LLC purchased a new position in shares of Life360 in the fourth quarter worth approximately $32,000. Finally, Advisory Services Network LLC bought a new position in Life360 in the third quarter worth approximately $80,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

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.