Insider Selling: Life360, Inc. (NASDAQ:LIF) Director Sells 30,000 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 30,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $42.00, for a total value of $1,260,000.00. Following the transaction, the director now directly owns 36,272 shares in the company, valued at $1,523,424. This represents a 45.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Life360 Stock Performance

NASDAQ:LIF opened at $40.63 on Thursday. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76. The firm has a 50-day moving average price of $44.02 and a two-hundred day moving average price of $42.75.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data 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 business had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $114.39 million. On average, equities analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LIF shares. Canaccord Genuity Group upped their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. JMP Securities upped 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 lifted 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 given a strong buy rating to the company. Based on data from MarketBeat, Life360 currently has a consensus rating of “Buy” and an average target price of $47.63.

Hedge Funds Weigh In On Life360

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

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.