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 company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $41.32, for a total value of $165,280.00. Following the transaction, the director directly owned 36,431 shares in the company, valued at $1,505,328.92. This trade represents a 9.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Price Performance

Shares of LIF stock opened at $40.43 on Friday. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 23.10 and a beta of 3.90. Life360, Inc. has a 12 month low of $29.62 and a 12 month high of $112.54. The company has a quick ratio of 6.16, a current ratio of 6.26 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $48.17 and a 200 day moving average price of $69.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LIF shares. DA Davidson downgraded shares of Life360 from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $40.00 in a research note on Thursday, March 19th. Citigroup reaffirmed a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. Stifel Nicolaus dropped their target price on shares of Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 27th. Canaccord Genuity Group cut their price target on Life360 from $115.00 to $94.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Finally, Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.56.

Institutional Trading of Life360

A number of hedge funds have recently modified their holdings of LIF. Citigroup Inc. raised its holdings 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 purchasing an additional 459,463 shares during the period. Castleark Management LLC bought a new position in shares of Life360 during the second quarter worth $5,518,000. Permanent Capital Management LP acquired a new position in shares of Life360 in the 3rd quarter valued at $2,290,000. Vanguard Group Inc. increased its position in shares of Life360 by 18.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after buying an additional 1,260,236 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Life360 by 8,595.9% in the 2nd quarter. Osaic Holdings Inc. now owns 44,784 shares of the company’s stock valued at $2,922,000 after buying an additional 44,269 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.