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

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $41.32, for a total value of $165,280.00. Following the completion of the transaction, the director owned 36,431 shares in the company, valued at approximately $1,505,328.92. The trade was a 9.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Price Performance

Shares of LIF opened at $40.43 on Friday. The business’s fifty day moving average is $48.17 and its 200 day moving average is $69.71. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $112.54. The company has a quick ratio of 6.16, a current ratio of 6.26 and a debt-to-equity ratio of 0.57. The stock has a market cap of $3.24 billion, a P/E ratio of 23.10 and a beta of 3.90.

Hedge Funds Weigh In On Life360

Several institutional investors and hedge funds have recently bought and sold shares of LIF. Strive Financial Group LLC purchased a new stake in shares of Life360 during the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. grew its stake in Life360 by 824.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after buying an additional 239 shares in the last quarter. MCF Advisors LLC bought a new stake in Life360 during the 4th quarter valued at $32,000. NewEdge Advisors LLC purchased a new stake in shares of Life360 during the third quarter worth $32,000. Finally, CWM LLC lifted its position in shares of Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after acquiring an additional 160 shares in the last quarter. 20.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LIF shares. Stifel Nicolaus cut their price target on Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 27th. UBS Group dropped their target price on Life360 from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research report on Friday, March 27th. Citigroup reiterated a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. Finally, Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.56.

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.