Chris Hulls Sells 16,042 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 16,042 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $47.07, for a total transaction of $755,096.94. Following the completion of the transaction, the director directly owned 406,899 shares of the company’s stock, valued at approximately $19,152,735.93. This represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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, 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.
• On Thursday, April 16th, Chris Hulls sold 16,105 shares of Life360 stock. The shares were sold at an average price of $45.51, for a total transaction of $732,938.55.

Life360 Stock Performance

NASDAQ LIF opened at $49.42 on Thursday. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The company has a fifty day moving average of $44.26 and a 200-day moving average of $50.59. The company has a market capitalization of $4.00 billion, a P/E ratio of 28.57 and a beta of 2.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37.

Institutional Trading of Life360

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC bought a new position in shares of Life360 during the third quarter valued at about $32,000. Strive Financial Group LLC bought a new stake in shares of Life360 in the 4th quarter valued at about $26,000. IFP Advisors Inc bought a new stake in shares of Life360 in the 3rd quarter valued at about $47,000. MCF Advisors LLC purchased a new stake in Life360 during the 4th quarter valued at about $32,000. Finally, Advisory Services Network LLC purchased a new stake in Life360 during the 3rd quarter valued at about $80,000. 20.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LIF has been the subject of several research analyst reports. Evercore set a $68.00 price target on Life360 in a research note on Tuesday, May 12th. DA Davidson increased their price objective on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday. Macquarie Infrastructure began coverage on Life360 in a report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price objective on the stock. Bank of America assumed coverage on Life360 in a research report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 target price for the company. Finally, Weiss Ratings lowered Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.17.

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.