Life360 (NASDAQ:LIF) Director Chris Hulls Sells 16,105 Shares

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 16,105 shares of Life360 stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $45.51, for a total transaction of $732,938.55. Following the completion of the transaction, the director directly owned 399,809 shares of the company’s stock, valued at $18,195,307.59. The trade was a 3.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

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

Life360 Trading Down 0.2%

Shares of LIF stock opened at $48.63 on Tuesday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 27.79 and a beta of 3.90. The stock has a 50 day simple moving average of $44.75 and a 200-day simple moving average of $64.54. The company has a debt-to-equity ratio of 0.57, a current ratio of 6.26 and a quick ratio of 6.16. Life360, Inc. has a 1-year low of $35.62 and a 1-year high of $112.54.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citizens Jmp cut Life360 from a “market outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a report on Friday, March 27th. Citigroup lowered their price objective 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. UBS Group decreased their price objective on Life360 from $110.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, DA Davidson cut Life360 from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $70.00 to $40.00 in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.16.

Institutional Investors Weigh In On Life360

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

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.