Life360, Inc. (NASDAQ:LIF) CFO Sells $122,142.40 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $39.35, for a total transaction of $122,142.40. Following the sale, the chief financial officer now directly owns 181,857 shares in the company, valued at $7,156,072.95. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Russell John Burke also recently made the following trade(s):

• On Monday, March 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $42.51, for a total value of $131,951.04.
• On Monday, February 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $43.60, for a total value of $135,334.40.
• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $44.94, for a total value of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12.
• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $42.74, for a total transaction of $132,664.96.

Life360 Stock Down 0.8 %

Life360 stock opened at $38.63 on Friday. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77. The stock’s 50 day moving average is $43.55 and its 200-day moving average is $42.89.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Life360

Hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund acquired a new position in shares of Life360 during the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. grew its position in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after buying an additional 484 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Life360 during the 3rd quarter worth $98,000. MetLife Investment Management LLC acquired a new position in Life360 in the 3rd quarter valued at $139,000. Finally, KBC Group NV bought a new stake in shares of Life360 during the 4th quarter valued at $147,000. 20.00% of the stock is owned by institutional investors.

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.