John Philip Coghlan Sells 3,125 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Philip Coghlan sold 3,125 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $37.86, for a total value of $118,312.50. Following the completion of the transaction, the director now owns 34,286 shares in the company, valued at $1,298,067.96. This represents a 8.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Life360 Stock Performance

NASDAQ:LIF traded down $0.57 during midday trading on Tuesday, reaching $31.62. The stock had a trading volume of 674,541 shares, compared to its average volume of 374,674. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.77. The firm's fifty day simple moving average is $41.79 and its 200-day simple moving average is $42.99.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data 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 return on equity of 4.03% and a negative net margin of 4.72%. The business had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. On average, sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

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Institutional Investors Weigh In On Life360

Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. raised its stake in Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after purchasing an additional 432,292 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Life360 in the third quarter valued at about $7,995,000. Marshall Wace LLP grew its position in Life360 by 86.2% during the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock worth $16,975,000 after buying an additional 190,422 shares in the last quarter. Citadel Advisors LLC increased its stake in Life360 by 1,233.3% during the fourth quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock valued at $8,286,000 after acquiring an additional 185,722 shares during the period. Finally, Swiss National Bank acquired a new position in Life360 in the 4th quarter valued at approximately $5,717,000. 20.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Seven investment 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 has an average rating of "Buy" and a consensus target price of $47.63.

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.