Life360 (NASDAQ:LIF) Shares Gap Down on Insider Selling

Life360, Inc. (NASDAQ:LIF) shares gapped down prior to trading on Tuesday following insider selling activity. The stock had previously closed at $103.11, but opened at $98.22. Life360 shares last traded at $95.20, with a volume of 326,622 shares trading hands.

Specifically, CEO Lauren Antonoff sold 17,764 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $90.90, for a total value of $1,614,747.60. Following the sale, the chief executive officer directly owned 338,465 shares of the company’s stock, valued at approximately $30,766,468.50. This represents a 4.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $88.12, for a total transaction of $275,375.00. Following the completion of the sale, the director directly owned 9,375 shares in the company, valued at approximately $826,125. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

LIF has been the topic of a number of recent analyst reports. Loop Capital increased their price target on shares of Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Citigroup initiated coverage on shares of Life360 in a report on Thursday, July 31st. They issued a “buy” rating and a $90.00 price target on the stock. UBS Group reissued a “buy” rating and issued a $85.00 price target (up from $71.00) on shares of Life360 in a report on Tuesday, August 12th. Stifel Nicolaus lifted their target price on shares of Life360 from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Finally, Canaccord Genuity Group lifted their target price on shares of Life360 from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $86.43.

Life360 Trading Down 7.0%

The firm has a market capitalization of $7.44 billion, a P/E ratio of 299.82 and a beta of 3.50. The firm’s 50-day simple moving average is $79.10 and its 200-day simple moving average is $59.06. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.02 by $0.06. The firm had revenue of $115.38 million for the quarter, compared to the consensus estimate of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. Life360 has set its FY 2025 guidance at EPS. Analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Teacher Retirement System of Texas raised its stake in shares of Life360 by 81.8% during the first quarter. Teacher Retirement System of Texas now owns 13,365 shares of the company’s stock worth $513,000 after acquiring an additional 6,014 shares in the last quarter. Emerald Advisers LLC raised its stake in shares of Life360 by 53.8% during the first quarter. Emerald Advisers LLC now owns 270,817 shares of the company’s stock worth $10,397,000 after acquiring an additional 94,679 shares in the last quarter. Invesco Ltd. purchased a new position in shares of Life360 during the first quarter worth approximately $540,000. Federated Hermes Inc. raised its stake in shares of Life360 by 75.6% during the first quarter. Federated Hermes Inc. now owns 48,773 shares of the company’s stock worth $1,872,000 after acquiring an additional 21,004 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Life360 by 320.0% during the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company’s stock worth $21,087,000 after acquiring an additional 418,493 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.