Life360 (NASDAQ:LIF) Director Chris Hulls Sells 16,379 Shares

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 16,379 shares of Life360 stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $40.34, for a total value of $660,728.86. Following the completion of the sale, the director owned 403,485 shares of the company’s stock, valued at $16,276,584.90. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Hulls also recently made the following trade(s):

• 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 value of $732,938.55.
• On Thursday, March 19th, Chris Hulls sold 15,133 shares of Life360 stock. The stock was sold at an average price of $39.43, for a total transaction of $596,694.19.

Life360 Stock Up 13.3%

LIF opened at $48.14 on Tuesday. The company has a market capitalization of $3.90 billion, a PE ratio of 27.83 and a beta of 2.63. 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 firm’s 50 day simple moving average is $41.96 and its two-hundred day simple moving average is $53.85. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54.

Institutional Trading of Life360

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Life360 by 18.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after purchasing an additional 1,260,236 shares during the period. Geode Capital Management LLC grew its stake in Life360 by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock valued at $74,372,000 after purchasing an additional 85,857 shares during the last quarter. State Street Corp raised its holdings in Life360 by 17.3% in the fourth quarter. State Street Corp now owns 905,153 shares of the company’s stock worth $58,057,000 after purchasing an additional 133,722 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Life360 by 86.3% during the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after buying an additional 352,110 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Life360 by 158.4% during the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after acquiring an additional 459,463 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on LIF shares. Bank of America began coverage on Life360 in a research report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price objective on the stock. Citigroup dropped their target price on shares of Life360 from $68.50 to $68.30 and set a “buy” rating for the company in a research report on Thursday, April 9th. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research report on Tuesday, May 12th. UBS Group dropped their price target on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.94.

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.