Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick Sells 500 Shares

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $40.26, for a total value of $20,130.00. Following the transaction, the general counsel now directly owns 85,752 shares in the company, valued at approximately $3,452,375.52. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Life360 Trading Down 2.3 %

Shares of LIF stock opened at $38.95 on Friday. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77. The firm has a fifty day moving average price of $43.65 and a 200 day moving average price of $42.85.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business 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%. On average, sell-side analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LIF. Hodges Capital Management Inc. purchased a new position in shares of Life360 during the third quarter worth about $3,876,000. FMR LLC increased its holdings in Life360 by 6.1% in the third 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 in the last quarter. State Street Corp acquired a new position in Life360 during the third quarter worth $2,393,000. Cherrydale Wealth Management LLC purchased a new stake in Life360 during the fourth quarter worth $340,000. Finally, JPMorgan Chase & Co. grew its holdings in Life360 by 295.6% in the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock valued at $514,000 after purchasing an additional 9,754 shares during the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LIF has been the subject of several recent research reports. Canaccord Genuity Group raised their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price 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.