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

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $56.07, for a total transaction of $224,280.00. Following the transaction, the director directly owned 24,431 shares of the company’s stock, valued at $1,369,846.17. The trade was a 14.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 stock was sold at an average price of $43.99, for a total value of $175,960.00.
• On Friday, May 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $44.16, for a total value of $176,640.00.

Life360 Stock Down 0.8%

LIF stock opened at $56.29 on Wednesday. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The business’s 50-day moving average is $46.10 and its two-hundred day moving average is $49.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 32.54 and a beta of 2.34.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Strive Financial Group LLC purchased a new position in shares of Life360 in the fourth quarter valued at about $26,000. MCF Advisors LLC purchased a new stake in shares of Life360 during the fourth quarter worth about $32,000. NewEdge Advisors LLC bought a new stake in Life360 during the 3rd quarter valued at approximately $32,000. IFP Advisors Inc bought a new stake in Life360 during the 3rd quarter valued at approximately $47,000. Finally, Advisors Asset Management Inc. lifted its holdings in Life360 by 136.6% in the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock worth $58,000 after purchasing an additional 519 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Analyst Ratings Changes

LIF has been the topic of a number of research reports. Macquarie Infrastructure started coverage on shares of Life360 in a report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price objective on the stock. Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a report on Tuesday, May 12th. DA Davidson increased their price target on shares of Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Evercore set a $68.00 price objective on shares of Life360 in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Life360 presently has a consensus rating of “Moderate Buy” and an average price target of $63.98.

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.