Brit Morin Sells 10,701 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Brit Morin sold 10,701 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $642,060.00. Following the completion of the transaction, the director owned 20,157 shares of the company’s stock, valued at approximately $1,209,420. This trade represents a 34.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brit Morin also recently made the following trade(s):

• On Monday, June 29th, Brit Morin sold 4,655 shares of Life360 stock. The shares were sold at an average price of $55.00, for a total value of $256,025.00.

Life360 Stock Performance

Shares of NASDAQ LIF opened at $59.69 on Friday. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $52.01 and a 200-day simple moving average of $48.32. The company has a market cap of $4.84 billion, a PE ratio of 34.50 and a beta of 2.35. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Roman Butler Fullerton & Co. acquired a new position in Life360 during the second quarter worth about $379,000. Bank of New York Mellon Corp bought a new stake in Life360 in the second quarter worth about $15,547,000. Handelsbanken Fonder AB lifted its holdings in Life360 by 2.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 25,300 shares of the company’s stock valued at $1,401,000 after acquiring an additional 600 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Life360 by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock valued at $103,000 after acquiring an additional 569 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Life360 during the 1st quarter valued at about $76,000. Institutional investors own 20.00% of the company’s stock.

Key Headlines Impacting Life360

Here are the key news stories impacting Life360 this week:

• Positive Sentiment: Life360’s revenue reportedly grew 38%, supporting the investment case for continued expansion in its family-safety platform and subscription business. Life360 revenue grew 38 percent article
• Positive Sentiment: A recent investment commentary described Life360 shares as a potential strong buy, reflecting confidence in the company’s growth prospects and recurring-revenue model. Why Life360 shares could be a strong buy this month
• Neutral Sentiment: Analyst coverage remains broadly constructive, with a reported consensus “Moderate Buy” rating and an average price target of $64.81. However, differing targets and ratings indicate uncertainty about valuation and execution. Life360 analyst coverage
• Negative Sentiment: Three directors sold a combined 41,701 shares worth approximately $2.57 million: founder and director Chris Hulls sold 27,000 shares for $1.71 million, Brit Morin sold 10,701 shares for $642,060, and John Philip Coghlan sold 4,000 shares for $219,280. The transactions reduced their respective holdings by about 6.05%, 34.68%, and 16.37%, creating a near-term supply and sentiment overhang. Life360 founder stock sale Life360 director stock sale
• Negative Sentiment: All three sales were executed under pre-arranged Rule 10b5-1 trading plans, which suggests they may have been scheduled rather than discretionary bets against the stock. Even so, the timing and aggregate size of the disposals are likely contributing to investor caution. Life360 director sold stock at 60 dollars

Analyst Ratings Changes

A number of brokerages have issued reports on LIF. UBS Group reduced their price target on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen cut shares of Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Macquarie Infrastructure assumed coverage on shares of Life360 in a report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price objective for the company. Bank of America increased their target price on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, Morgan Stanley initiated coverage on shares of Life360 in a research note on Tuesday, July 21st. They issued an “overweight” rating and a $66.24 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.81.

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.