Life360, Inc. (NASDAQ:LIF) CFO Sells $122,142.40 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $39.35, for a total value of $122,142.40. Following the completion of the transaction, the chief financial officer now owns 181,857 shares of the company’s stock, valued at $7,156,072.95. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Russell John Burke also recently made the following trade(s):

• On Monday, March 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $42.51, for a total transaction of $131,951.04.
• On Monday, February 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $43.60, for a total transaction of $135,334.40.
• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $44.94, for a total transaction of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $46.78, for a total value of $145,205.12.
• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $42.74, for a total value of $132,664.96.

Life360 Stock Performance

Shares of Life360 stock traded down $1.52 during trading on Wednesday, reaching $39.88. The company’s stock had a trading volume of 319,026 shares, compared to its average volume of 359,395. The stock has a 50-day moving average price of $43.68 and a two-hundred day moving average price of $42.88. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF) last announced its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The company had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. On average, research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. WealthPlan Investment Management LLC lifted its stake in shares of Life360 by 2.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after acquiring an additional 247 shares during the period. Summit Investment Advisors Inc. lifted its position in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after purchasing an additional 484 shares during the period. New York State Common Retirement Fund bought a new position in shares of Life360 in the 4th quarter valued at about $25,000. Corebridge Financial Inc. grew its position in shares of Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock worth $210,000 after buying an additional 1,987 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Life360 during the third quarter worth approximately $98,000. 20.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and upped their price target for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Canaccord Genuity Group upped their target price on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $47.63.

About Life360

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.