Life360, Inc. (NASDAQ:LIF) COO Sells $175,657.44 in Stock

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 4,546 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $38.64, for a total transaction of $175,657.44. Following the transaction, the chief operating officer now directly owns 317,802 shares in the company, valued at approximately $12,279,869.28. This represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Lauren Antonoff also recently made the following trade(s):

• On Thursday, March 6th, Lauren Antonoff sold 13,106 shares of Life360 stock. The stock was sold at an average price of $42.08, for a total transaction of $551,500.48.
• On Tuesday, February 25th, Lauren Antonoff sold 14,091 shares of Life360 stock. The stock was sold at an average price of $42.17, for a total value of $594,217.47.

Life360 Stock Performance

Shares of Life360 stock opened at $38.63 on Friday. The company’s 50 day moving average price is $43.55 and its two-hundred day moving average price is $42.89. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77.

Life360 (NASDAQ:LIF) last announced its quarterly 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 firm had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LIF. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and increased their target price for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Canaccord Genuity Group increased their price objective 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. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Life360 has an average rating of “Buy” and a consensus target price of $47.63.

Institutional Trading of Life360

Several hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund bought a new position in Life360 in the 4th quarter valued at approximately $25,000. Summit Investment Advisors Inc. increased its position in Life360 by 82.3% in 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 during the period. BNP Paribas Financial Markets bought a new position in shares of Life360 during the third quarter valued at $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 during the third quarter worth $139,000. Finally, KBC Group NV bought a new stake in shares of Life360 in the fourth quarter worth $147,000. 20.00% of the stock is currently owned by institutional investors.

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.