Insider Selling: Life360 (NASDAQ:LIF) Director Sells $1,710,180.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 27,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $63.34, for a total value of $1,710,180.00. Following the sale, the director directly owned 419,554 shares of the company’s stock, valued at $26,574,550.36. This represents a 6.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Hulls also recently made the following trade(s):

• On Thursday, June 18th, Chris Hulls sold 16,042 shares of Life360 stock. The shares were sold at an average price of $47.07, for a total transaction of $755,096.94.
• On Thursday, May 28th, Chris Hulls sold 16,379 shares of Life360 stock. The shares were sold at an average price of $40.34, for a total transaction of $660,728.86.

Life360 Stock Performance

Shares of NASDAQ LIF traded down $2.52 during mid-day trading on Wednesday, reaching $61.45. 462,591 shares of the company were exchanged, compared to its average volume of 1,027,528. The stock has a market capitalization of $4.98 billion, a P/E ratio of 35.52 and a beta of 2.35. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The company’s 50-day simple moving average is $51.26 and its 200-day simple moving average is $48.29. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LIF shares. DA Davidson raised their price objective on shares of Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Evercore set a $68.00 target price on Life360 in a research note on Tuesday, May 12th. Morgan Stanley began coverage on Life360 in a report on Tuesday, July 21st. They set an “overweight” rating and a $66.24 price target for the company. Finally, Wall Street Zen downgraded Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.81.

Hedge Funds Weigh In On Life360

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in shares of Life360 during the 3rd quarter worth approximately $32,000. Strive Financial Group LLC acquired a new stake in shares of Life360 in the fourth quarter valued at approximately $26,000. IFP Advisors Inc acquired a new stake in shares of Life360 in the third quarter valued at approximately $47,000. MCF Advisors LLC bought a new stake in shares of Life360 in the fourth quarter valued at approximately $32,000. Finally, Advisory Services Network LLC bought a new stake in shares of Life360 in the third quarter valued at approximately $80,000. 20.00% of the stock is owned by institutional investors.

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.