Life360 (NASDAQ:LIF) Director Chris Hulls Sells 15,133 Shares

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 15,133 shares of Life360 stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $39.43, for a total transaction of $596,694.19. Following the transaction, the director owned 334,319 shares of the company’s stock, valued at $13,182,198.17. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Life360 Stock Up 3.3%

Shares of Life360 stock traded up $1.33 during midday trading on Monday, hitting $41.16. The company had a trading volume of 1,491,388 shares, compared to its average volume of 2,127,644. The stock has a market capitalization of $3.30 billion, a P/E ratio of 104.82 and a beta of 3.84. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26. Life360, Inc. has a 52-week low of $29.62 and a 52-week high of $112.54. The company has a 50 day moving average of $51.90 and a 200 day moving average of $73.34.

Hedge Funds Weigh In On Life360

Institutional investors have recently made changes to their positions in the business. Strive Financial Group LLC bought a new stake in Life360 during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. raised its position in Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after acquiring an additional 239 shares during the period. MCF Advisors LLC purchased a new position in shares of Life360 during the 4th quarter worth $32,000. NewEdge Advisors LLC purchased a new position in shares of Life360 during the 3rd quarter worth $32,000. Finally, CWM LLC grew its position in shares of Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after acquiring an additional 160 shares during the period. Institutional investors own 20.00% of the company’s stock.

Analysts Set New Price Targets

LIF has been the subject of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a research note on Monday, December 29th. Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Stifel Nicolaus lowered their price objective on shares of Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Finally, Canaccord Genuity Group cut their target price on shares of Life360 from $115.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Life360 has a consensus rating of “Moderate Buy” and a consensus price target of $76.56.

Life360 Company Profile

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.