Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff Sells 4,546 Shares

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 4,546 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $38.64, for a total value of $175,657.44. Following the transaction, the chief operating officer now owns 317,802 shares of the company’s stock, valued at approximately $12,279,869.28. This represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Lauren Antonoff also recently made the following trade(s):

• On Thursday, March 6th, Lauren Antonoff sold 13,106 shares of Life360 stock. The shares were sold at an average price of $42.08, for a total transaction of $551,500.48.
• On Tuesday, February 25th, Lauren Antonoff sold 14,091 shares of Life360 stock. The shares were sold at an average price of $42.17, for a total transaction of $594,217.47.

Life360 Stock Down 3.7 %

Shares of Life360 stock opened at $39.88 on Thursday. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77. The business has a fifty day simple moving average of $43.68 and a 200-day simple moving average of $42.88.

Life360 (NASDAQ:LIF) last released 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 analysts’ expectations of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, equities research analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently modified their holdings of LIF. WealthPlan Investment Management LLC grew its stake in Life360 by 2.5% in the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after purchasing an additional 247 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in Life360 by 82.3% in 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 during the last quarter. New York State Common Retirement Fund bought a new position in Life360 during the fourth quarter valued at approximately $25,000. Corebridge Financial Inc. lifted its stake in Life360 by 64.0% in the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock valued at $210,000 after acquiring an additional 1,987 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in Life360 in the third quarter worth approximately $98,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.