Life360 (NASDAQ:LIF) Director Sells $365,335.10 in Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $46.07, for a total transaction of $365,335.10. Following the completion of the sale, the director directly owned 109,911 shares in the company, valued at $5,063,599.77. This represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Performance

Shares of LIF stock opened at $49.02 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54. The company’s 50-day simple moving average is $43.76 and its 200-day simple moving average is $51.33. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 28.34 and a beta of 2.62.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DA Davidson reiterated a “neutral” rating and issued a $40.00 target price on shares of Life360 in a research report on Wednesday, May 13th. Evercore set a $68.00 price target on Life360 in a research report on Tuesday, May 12th. Citigroup restated a “buy” rating on shares of Life360 in a research note on Monday, June 8th. Wall Street Zen downgraded shares of Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, UBS Group lowered their target price on shares of Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.94.

Institutional Trading of Life360

A number of large investors have recently modified their holdings of LIF. Vanguard Group Inc. boosted its stake 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 purchasing an additional 1,260,236 shares during the period. Norges Bank acquired a new stake in shares of Life360 in the fourth quarter valued at approximately $47,097,000. Citigroup Inc. raised its holdings 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 buying an additional 459,463 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Life360 during the third quarter valued at approximately $44,632,000. Finally, Principal Financial Group Inc. raised 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 buying an additional 379,941 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.