Insider Selling: Life360, Inc. (NASDAQ:LIF) CFO Sells $131,951.04 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $42.51, for a total value of $131,951.04. Following the completion of the transaction, the chief financial officer now owns 184,961 shares in the company, valued at $7,862,692.11. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Russell John Burke also recently made the following trade(s):

• On Monday, February 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $43.60, for a total value of $135,334.40.
• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $44.94, for a total value of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12.
• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $42.74, for a total transaction of $132,664.96.
• On Monday, December 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $41.41, for a total transaction of $128,536.64.

Life360 Trading Up 1.8 %

Shares of Life360 stock opened at $40.30 on Friday. The stock has a 50 day moving average price of $43.93 and a 200-day moving average price of $42.73. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Sell-side analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Life360

Several institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new stake in shares of Life360 during the fourth quarter worth $25,000. Summit Investment Advisors Inc. lifted 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 buying an additional 484 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Life360 in the 3rd quarter valued at about $98,000. MetLife Investment Management LLC bought a new position in Life360 in the 3rd quarter worth about $139,000. Finally, KBC Group NV purchased a new position in shares of Life360 during the fourth quarter worth approximately $147,000. Institutional investors own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Canaccord Genuity Group boosted their target price on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. UBS Group raised 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 stock. Based on data from MarketBeat, Life360 presently has an average rating of “Buy” and an average price target of $47.63.

Life360 Company Profile

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.