Life360 (NASDAQ:LIF) Director Chris Hulls Sells 15,133 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 15,133 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $39.43, for a total transaction of $596,694.19. Following the completion of the transaction, the director directly owned 334,319 shares of the company’s stock, valued at $13,182,198.17. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Life360 Stock Up 3.3%

NASDAQ LIF opened at $41.16 on Tuesday. The company has a current ratio of 6.26, a quick ratio of 6.16 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average is $51.47 and its two-hundred day moving average is $73.01. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 23.52 and a beta of 3.84. Life360, Inc. has a 1-year low of $29.62 and a 1-year high of $112.54.

Analyst Upgrades and Downgrades

LIF has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research note on Monday, December 29th. UBS Group dropped 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. Citizens Jmp cut Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. DA Davidson downgraded shares of Life360 from a “buy” rating to a “neutral” rating and reduced their target price for the company from $70.00 to $40.00 in a research note on Thursday, March 19th. Finally, Stifel Nicolaus lowered their target price on shares of Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 27th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $76.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Strive Financial Group LLC acquired a new stake in Life360 during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. raised its position in Life360 by 824.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after purchasing an additional 239 shares during the last quarter. MCF Advisors LLC acquired a new position in Life360 in the fourth quarter worth $32,000. NewEdge Advisors LLC acquired a new position in Life360 in the third quarter worth $32,000. Finally, CWM LLC grew its holdings in shares of Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares during the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

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.