Lauren Antonoff Sells 5,500 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) COO Lauren Antonoff sold 5,500 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $38.38, for a total transaction of $211,090.00. Following the sale, the chief operating officer now owns 312,302 shares of the company's stock, valued at approximately $11,986,150.76. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The shares were sold at an average price of $38.64, for a total value of $175,657.44.
• On Thursday, March 6th, Lauren Antonoff sold 13,106 shares of Life360 stock. The stock was 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 stock was sold at an average price of $42.17, for a total transaction of $594,217.47.

Life360 Trading Down 13.5 %

Shares of LIF traded down $4.97 on Friday, reaching $31.78. The stock had a trading volume of 1,055,455 shares, compared to its average volume of 370,580. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.77. The company has a 50-day simple moving average of $42.68 and a 200-day simple moving average of $43.00.

Remove Ads

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm 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%. Equities research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Life360 from a "neutral" rating to a "buy" rating and raised their price target for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $47.63.

Hedge Funds Weigh In On Life360

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hodges Capital Management Inc. purchased a new stake in shares of Life360 in the 3rd quarter worth approximately $3,876,000. FMR LLC boosted its holdings in Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company's stock worth $59,817,000 after acquiring an additional 86,917 shares in the last quarter. State Street Corp purchased a new stake in shares of Life360 in the third quarter worth $2,393,000. Cherrydale Wealth Management LLC bought a new position in shares of Life360 during the fourth quarter valued at $340,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Life360 by 295.6% during the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company's stock valued at $514,000 after acquiring an additional 9,754 shares in the last quarter. Institutional investors own 20.00% of the company's stock.

About Life360

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.