Lauren Antonoff Sells 14,091 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 14,091 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $42.17, for a total transaction of $594,217.47. Following the completion of the sale, the chief operating officer now owns 293,769 shares of the company’s stock, valued at $12,388,238.73. This trade represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Life360 Trading Up 11.4 %

Shares of NASDAQ LIF opened at $45.20 on Friday. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76. The firm has a 50-day moving average price of $44.01 and a 200 day moving average price of $42.47.

Life360 (NASDAQ:LIF) last posted its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $114.39 million. Analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Life360

Several hedge funds have recently added to or reduced their stakes in LIF. New York State Common Retirement Fund purchased a new position in Life360 during the 4th quarter valued at about $25,000. Summit Investment Advisors Inc. increased its holdings in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after acquiring an additional 484 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Life360 during the 3rd quarter valued at about $98,000. MetLife Investment Management LLC purchased a new position in Life360 during the 3rd quarter valued at about $139,000. Finally, KBC Group NV purchased a new position in Life360 during the 4th quarter valued at about $147,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Canaccord Genuity Group raised their target price on shares of Life360 from $54.00 to $58.00 and gave the stock 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 raised their price objective for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Finally, JMP Securities raised their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target 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.