Insider Selling: Life360, Inc. (NASDAQ:LIF) Director Sells 50,000 Shares of Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles J. Prober sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the transaction, the director now directly owns 102,742 shares of the company's stock, valued at $4,265,847.84. This represents a 32.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Life360 Stock Up 5.1 %

Shares of Life360 stock traded up $2.15 on Friday, reaching $43.94. The company's stock had a trading volume of 633,553 shares, compared to its average volume of 262,417. The firm's fifty day simple moving average is $44.04 and its two-hundred day simple moving average is $42.74. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76.

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

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Analysts Set New Price Targets

A number of research analysts recently weighed in on LIF shares. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and raised their price objective for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Canaccord Genuity Group raised their price objective on Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Finally, JMP Securities raised their price objective on Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Life360 has a consensus rating of "Buy" and an average target price of $47.63.

Institutional Trading of Life360

Several large investors have recently modified their holdings of the company. JT Stratford LLC bought a new stake in shares of Life360 in the fourth quarter worth $231,000. Monograph Wealth Advisors LLC grew its holdings in shares of Life360 by 56.1% in the fourth quarter. Monograph Wealth Advisors LLC now owns 101,234 shares of the company's stock worth $4,178,000 after acquiring an additional 36,400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Life360 in the fourth quarter worth $5,090,000. Voloridge Investment Management LLC bought a new stake in shares of Life360 in the fourth quarter worth $1,902,000. Finally, Squarepoint Ops LLC grew its holdings in shares of Life360 by 303.8% in the fourth quarter. Squarepoint Ops LLC now owns 36,388 shares of the company's stock worth $1,502,000 after acquiring an additional 27,376 shares during the period. 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.