Life360 (NASDAQ:LIF) Director John Philip Coghlan Sells 4,000 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $43.99, for a total value of $175,960.00. Following the completion of the transaction, the director directly owned 28,431 shares in the company, valued at approximately $1,250,679.69. This represents a 12.33% 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 link.

John Philip Coghlan also recently made the following trade(s):

• On Friday, May 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $44.16, for a total value of $176,640.00.
• On Wednesday, April 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $41.32, for a total value of $165,280.00.

Life360 Price Performance

Life360 stock opened at $47.00 on Wednesday. The stock’s 50 day moving average is $41.96 and its 200 day moving average is $53.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. The firm has a market cap of $3.81 billion, a P/E ratio of 27.17 and a beta of 2.62. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54.

Hedge Funds Weigh In On Life360

Several institutional investors have recently added to or reduced their stakes in LIF. Strive Financial Group LLC acquired a new position in Life360 in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. lifted its stake in Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after buying an additional 239 shares during the period. MCF Advisors LLC acquired a new position in Life360 in the fourth quarter valued at approximately $32,000. NewEdge Advisors LLC acquired a new position in Life360 in the third quarter valued at approximately $32,000. Finally, IFP Advisors Inc acquired a new position in Life360 in the third quarter valued at approximately $47,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on LIF shares. Macquarie Infrastructure started coverage on Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price objective on the stock. UBS Group cut their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Evercore set a $68.00 price objective on Life360 in a research note on Tuesday, May 12th. Bank of America started coverage on Life360 in a research note on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Canaccord Genuity Group set a $72.00 price objective on Life360 in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Life360 has a consensus rating of “Moderate Buy” and an average target price of $63.94.

About Life360

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.