Insider Selling: Life360, Inc. (NASDAQ:LIF) COO Sells 14,091 Shares of Stock

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 14,091 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $42.17, for a total transaction of $594,217.47. Following the transaction, the chief operating officer now owns 293,769 shares in the company, valued at approximately $12,388,238.73. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Life360 Price Performance

Shares of NASDAQ LIF traded down $1.23 during trading hours on Thursday, hitting $40.58. 284,566 shares of the company’s stock were exchanged, compared to its average volume of 225,191. The company’s 50-day moving average price is $43.95 and its 200-day moving average price is $42.41. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JMP Securities upped their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and upped their price target for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Finally, Canaccord Genuity Group increased their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Life360 currently has a consensus rating of “Buy” and an average target price of $47.63.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LIF. New York State Common Retirement Fund acquired a new stake in Life360 during the fourth quarter worth about $25,000. Summit Investment Advisors Inc. lifted its position in shares of Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after acquiring an additional 484 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $98,000. MetLife Investment Management LLC bought a new stake in shares of Life360 during the third quarter valued at approximately $139,000. Finally, KBC Group NV acquired a new position in shares of Life360 in the fourth quarter valued at $147,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

About Life360

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.