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 the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $56.07, for a total value of $224,280.00. Following the completion of the transaction, the director directly owned 24,431 shares in the company, valued at approximately $1,369,846.17. This represents a 14.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $43.99, for a total transaction of $175,960.00.
• 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.

Life360 Price Performance

Shares of LIF traded down $0.98 during trading hours on Monday, hitting $56.73. 700,573 shares of the company were exchanged, compared to its average volume of 1,107,350. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 32.79 and a beta of 2.34. The firm’s fifty day moving average is $45.63 and its 200 day moving average is $49.82. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.

Institutional Trading of Life360

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. California State Teachers Retirement System lifted its stake in Life360 by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after acquiring an additional 254 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in Life360 by 8.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock valued at $232,000 after buying an additional 273 shares during the period. Russell Investments Group Ltd. increased its holdings in Life360 by 21.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock worth $107,000 after buying an additional 292 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Life360 in the third quarter valued at about $32,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Life360 by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after acquiring an additional 343 shares during the period. 20.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on LIF. Macquarie Infrastructure started coverage on Life360 in a research note on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price for the company. Citigroup lifted their price target on Life360 from $60.15 to $66.65 and gave the company a “buy” rating in a research note on Monday. Bank of America assumed coverage on Life360 in a report on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price target on the stock. Weiss Ratings lowered shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Finally, DA Davidson increased their price objective on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Life360 presently has an average rating of “Moderate Buy” and a consensus price target of $63.98.

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.