Insider Selling: Life360 (NASDAQ:LIF) Director Sells 16,379 Shares of Stock

by · The Cerbat Gem

Life360, Inc. (NASDAQ:LIF – Get Free Report) Director Chris Hulls sold 16,379 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $40.34, for a total value of $660,728.86. Following the completion of the transaction, the director directly owned 403,485 shares of the company’s stock, valued at $16,276,584.90. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Hulls also recently made the following trade(s):

  • On Thursday, April 16th, Chris Hulls sold 16,105 shares of Life360 stock. The shares were sold at an average price of $45.51, for a total value of $732,938.55.
  • On Thursday, March 19th, Chris Hulls sold 15,133 shares of Life360 stock. The shares were sold at an average price of $39.43, for a total value of $596,694.19.

Life360 Stock Performance

Shares of LIF traded up $5.65 during mid-day trading on Monday, hitting $48.14. The stock had a trading volume of 1,582,311 shares, compared to its average volume of 1,182,853. The company has a market cap of $3.90 billion, a PE ratio of 27.83 and a beta of 2.63. The company’s fifty day simple moving average is $41.78 and its two-hundred day simple moving average is $54.02. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54.

Analysts Set New Price Targets

Several research analysts have recently commented on LIF shares. Macquarie Infrastructure started coverage on Life360 in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price for the company. UBS Group decreased their target price on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings lowered Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Bank of America started coverage on Life360 in a research report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 target price for the company. Finally, Wall Street Zen lowered Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Life360 has a consensus rating of “Moderate Buy” and a consensus target price of $63.94.

Check Out Our Latest Research Report on LIF

Hedge Funds Weigh In On Life360

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Life360 by 312.8% during the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock valued at $16,626,000 after acquiring an additional 308,632 shares during the period. Amundi acquired a new position in shares of Life360 during the first quarter valued at $206,000. California State Teachers Retirement System boosted its holdings in shares of Life360 by 23.5% during the first quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock valued at $3,536,000 after acquiring an additional 16,461 shares during the period. Royal Bank of Canada raised its stake in Life360 by 85.5% during the 1st quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock valued at $84,000 after acquiring an additional 949 shares in the last quarter. Finally, Regal Partners Ltd bought a new stake in Life360 during the 1st quarter valued at $855,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

About Life360

(Get Free Report)

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.

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