Insider Selling: Life360, Inc. (NASDAQ:LIF) General Counsel Sells $20,145.00 in Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of Life360 stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $40.29, for a total value of $20,145.00. Following the completion of the sale, the general counsel now owns 86,252 shares of the company’s stock, valued at $3,475,093.08. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Life360 Price Performance

Life360 stock opened at $40.30 on Friday. The stock’s 50 day moving average price is $43.93 and its 200 day moving average price is $42.76. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

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

Hedge Funds Weigh In On Life360

Institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund acquired a new position in shares of Life360 in the 4th quarter valued at approximately $25,000. Summit Investment Advisors Inc. raised 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 valued at $44,000 after purchasing an additional 484 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Life360 in the 3rd quarter valued at approximately $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 in the 3rd quarter valued at approximately $139,000. Finally, KBC Group NV acquired a new position in shares of Life360 in the 4th quarter valued at approximately $147,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LIF. Canaccord Genuity Group lifted their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Life360 has an average rating of “Buy” and a consensus price target of $47.63.

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.