Life360, Inc. (NASDAQ:LIF) COO Sells $594,217.47 in Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) COO Lauren Antonoff sold 14,091 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $42.17, for a total transaction of $594,217.47. Following the completion of the sale, the chief operating officer now directly owns 293,769 shares in the company, valued at approximately $12,388,238.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Life360 Trading Down 7.9 %

Shares of LIF stock traded down $3.56 during trading hours on Monday, hitting $41.64. 360,910 shares of the company were exchanged, compared to its average volume of 239,160. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $52.76. The firm has a fifty day moving average of $44.00 and a 200 day moving average of $42.60.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $115.53 million for the quarter, compared to analysts' expectations of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. As a group, equities analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

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Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. New York State Common Retirement Fund purchased a new position in Life360 in the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. raised 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 valued at $44,000 after buying an additional 484 shares during the period. BNP Paribas Financial Markets purchased a new position in Life360 in the third quarter valued at approximately $98,000. MetLife Investment Management LLC purchased a new position in Life360 in the third quarter valued at approximately $139,000. Finally, KBC Group NV purchased a new position in Life360 in the fourth quarter valued at approximately $147,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on LIF. Canaccord Genuity Group increased 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. JMP Securities upped their target price on shares of Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a report on Thursday, November 14th. Finally, UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and upped their target price for the company from $52.00 to $55.00 in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target 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.