Insider Selling: Life360, Inc. (NASDAQ:LIF) CFO Sells 3,104 Shares of Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $39.21, for a total transaction of $121,707.84. Following the completion of the transaction, the chief financial officer now directly owns 215,291 shares in the company, valued at $8,441,560.11. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, April 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $34.39, for a total transaction of $106,746.56.
• On Monday, March 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $39.35, for a total transaction of $122,142.40.
• On Monday, March 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $42.51, for a total transaction of $131,951.04.
• 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 transaction 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 transaction of $139,493.76.

Life360 Stock Performance

Shares of LIF stock opened at $40.18 on Tuesday. The company’s 50 day moving average price is $39.23 and its two-hundred day moving average price is $42.67. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.77.

Life360 (NASDAQ:LIF) last announced 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). The company had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. On average, analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Institutional Trading of Life360

Several hedge funds have recently bought and sold shares of the stock. State Street Corp acquired a new stake in shares of Life360 in the third quarter valued at approximately $2,393,000. Barclays PLC acquired a new stake in shares of Life360 in the third quarter valued at approximately $320,000. Geode Capital Management LLC acquired a new stake in shares of Life360 in the third quarter valued at approximately $5,134,000. Franklin Resources Inc. acquired a new stake in shares of Life360 in the third quarter valued at approximately $4,689,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Life360 in the third quarter valued at approximately $7,995,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LIF shares. Stifel Nicolaus reduced their price objective on shares of Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Seven research 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, the stock currently has a consensus rating of “Buy” and a consensus target price of $47.38.

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.