Susan L. Stick Sells 2,822 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 2,822 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the transaction, the general counsel now owns 86,752 shares of the company’s stock, valued at $3,650,524.16. This trade represents a 3.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Life360 Stock Down 3.6 %

Life360 stock opened at $40.71 on Wednesday. The stock has a 50-day simple moving average of $44.03 and a 200 day simple moving average of $42.76. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.76.

Life360 (NASDAQ:LIF) last announced its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The company had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. Sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. FMR LLC increased its stake in shares of Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares during the period. Millennium Management LLC increased its position in Life360 by 9.2% in the fourth quarter. Millennium Management LLC now owns 1,114,922 shares of the company’s stock worth $46,013,000 after purchasing an additional 94,077 shares during the period. Wealthstream Advisors Inc. acquired a new stake in Life360 in the third quarter worth about $35,538,000. Franklin Resources Inc. raised its holdings in Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock worth $22,269,000 after purchasing an additional 432,292 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock valued at $16,975,000 after purchasing an additional 190,422 shares during the period. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

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.