Insider Selling: Life360, Inc. (NASDAQ:LIF) General Counsel Sells 500 Shares of Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) 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 sale, the general counsel now directly owns 85,752 shares in the company, valued at $3,452,375.52. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Life360 Stock Performance

Shares of Life360 stock traded down $0.24 on Monday, hitting $38.39. 614,421 shares of the company traded hands, compared to its average volume of 366,725. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.77. The firm's 50-day simple moving average is $43.45 and its 200 day simple moving average is $43.06.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results 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 net margin of 4.72% and a negative return on equity of 4.03%. The firm had revenue of $115.53 million for the quarter, compared to analysts' expectations of $114.39 million. On average, equities research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Life360

A number of hedge funds have recently bought and sold shares of LIF. California State Teachers Retirement System raised its stake in shares of Life360 by 14,425.5% during the fourth quarter. California State Teachers Retirement System now owns 61,443 shares of the company's stock worth $2,536,000 after acquiring an additional 61,020 shares in the last quarter. JT Stratford LLC bought a new position in shares of Life360 during the 4th quarter valued at $231,000. Monograph Wealth Advisors LLC grew its holdings in shares of Life360 by 56.1% during the 4th quarter. Monograph Wealth Advisors LLC now owns 101,234 shares of the company's stock valued at $4,178,000 after purchasing an additional 36,400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Life360 in the 4th quarter worth $5,090,000. Finally, Voloridge Investment Management LLC bought a new stake in Life360 in the fourth quarter worth $1,902,000. Institutional investors own 20.00% of the company's stock.

Analyst Ratings Changes

LIF has been the subject of several recent analyst reports. Canaccord Genuity Group boosted 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 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Life360 currently has a consensus rating of "Buy" and a consensus 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.