Life360 (NASDAQ:LIF) Director Sells $175,960.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $43.99, for a total value of $175,960.00. Following the transaction, the director owned 28,431 shares of the company’s stock, valued at $1,250,679.69. This trade represents a 12.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

John Philip Coghlan also recently made the following trade(s):

• On Friday, May 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $44.16, for a total value of $176,640.00.
• 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 transaction of $165,280.00.

Life360 Price Performance

LIF stock traded down $1.14 during trading on Tuesday, hitting $47.00. The company had a trading volume of 875,268 shares, compared to its average volume of 1,179,922. The business has a 50 day moving average of $41.96 and a 200 day moving average of $53.85. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 27.17 and a beta of 2.63. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LIF. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 1,260,236 shares during the last quarter. Norges Bank acquired a new position in shares of Life360 in the 4th quarter worth $47,097,000. Citigroup Inc. raised its position in shares of Life360 by 158.4% during the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after purchasing an additional 459,463 shares during the period. American Century Companies Inc. acquired a new stake in shares of Life360 during the third quarter worth $44,632,000. Finally, Principal Financial Group Inc. lifted 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 valued at $18,918,000 after purchasing an additional 379,941 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Citigroup lowered their price objective on shares of Life360 from $68.50 to $68.30 and set a “buy” rating on the stock in a research note on Thursday, April 9th. DA Davidson reissued a “neutral” rating and set a $40.00 target price on shares of Life360 in a report on Wednesday, May 13th. Evercore set a $68.00 price target on Life360 in a research note on Tuesday, May 12th. Weiss Ratings lowered Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Finally, Macquarie Infrastructure began coverage on Life360 in a research note on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price target for the company. One research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Life360 presently has an average rating of “Moderate Buy” and an average price target of $63.94.

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.