Insider Selling: Life360, Inc. (NASDAQ:LIF) COO Sells 13,106 Shares of Stock

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 13,106 shares of Life360 stock in a transaction that occurred on 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 owns 280,663 shares in the company, valued at approximately $11,810,299.04. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Trading Down 3.6 %

Shares of Life360 stock opened at $40.71 on Wednesday. The business has a 50-day moving average price of $44.03 and a two-hundred day moving average price of $42.76. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76.

Life360 (NASDAQ:LIF) last released its earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $114.39 million. On average, sell-side analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.

Institutional Trading of Life360

Several hedge funds have recently modified their holdings of LIF. JT Stratford LLC acquired a new stake in Life360 in the fourth quarter worth $231,000. Monograph Wealth Advisors LLC boosted its position in shares of Life360 by 56.1% during the 4th quarter. Monograph Wealth Advisors LLC now owns 101,234 shares of the company’s stock worth $4,178,000 after purchasing an additional 36,400 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Life360 during the 4th quarter worth about $5,090,000. Voloridge Investment Management LLC acquired a new stake in shares of Life360 in the 4th quarter valued at about $1,902,000. Finally, Squarepoint Ops LLC increased its position in Life360 by 303.8% in the 4th quarter. Squarepoint Ops LLC now owns 36,388 shares of the company’s stock valued at $1,502,000 after buying an additional 27,376 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LIF shares. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and increased their price objective for the company from $52.00 to $55.00 in a report on Friday, January 17th. Canaccord Genuity Group increased their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, JMP Securities lifted their price objective on 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.