Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff Sells 13,106 Shares

Life360, Inc. (NASDAQ:LIF - Get Free Report) COO Lauren Antonoff sold 13,106 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $551,500.48. Following the sale, the chief operating officer now directly owns 280,663 shares in the company, valued at $11,810,299.04. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, February 25th, Lauren Antonoff sold 14,091 shares of Life360 stock. The shares were sold at an average price of $42.17, for a total transaction of $594,217.47.

Life360 Price Performance

LIF stock traded up $0.71 during trading on Friday, reaching $40.30. 456,574 shares of the company were exchanged, compared to its average volume of 314,138. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.77. The company has a 50-day moving average of $43.93 and a two-hundred day moving average of $42.73.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS 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 during the quarter, compared to the consensus estimate of $114.39 million. Research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

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Analysts Set New Price Targets

LIF has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their price target on shares of Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. UBS Group upgraded 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 research report on Friday, January 17th. Finally, JMP Securities increased their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a research note on Thursday, November 14th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $47.63.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently added to or reduced their stakes in LIF. WealthPlan Investment Management LLC increased its stake in shares of Life360 by 8.2% in the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company's stock valued at $383,000 after buying an additional 738 shares during the period. Wealthstream Advisors Inc. acquired a new stake in Life360 in the 3rd quarter valued at $35,538,000. Charles Schwab Investment Management Inc. bought a new position in Life360 in the 3rd quarter valued at about $547,000. The Manufacturers Life Insurance Company bought a new stake in Life360 during the third quarter worth $675,000. Finally, FMR LLC boosted its holdings in Life360 by 6.1% during the third quarter. FMR LLC now owns 1,520,135 shares of the company's stock worth $59,817,000 after purchasing an additional 86,917 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

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.