Life360 (NASDAQ:LIF) Director Sells $118,070.16 in Stock

by · The Cerbat Gem

Life360, Inc. (NASDAQ:LIF – Get Free Report) Director Chris Hulls sold 1,846 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total value of $118,070.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, November 25th, Chris Hulls sold 311,749 shares of Life360 stock. The stock was sold at an average price of $77.10, for a total transaction of $24,035,847.90.
  • On Wednesday, November 26th, Chris Hulls sold 120,000 shares of Life360 stock. The stock was sold at an average price of $78.70, for a total transaction of $9,444,000.00.

Life360 Stock Up 4.4%

LIF traded up $2.65 during trading on Thursday, hitting $63.08. The stock had a trading volume of 1,128,758 shares, compared to its average volume of 881,027. Life360, Inc. has a twelve month low of $29.62 and a twelve month high of $112.54. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The company has a market capitalization of $4.95 billion, a PE ratio of 185.53 and a beta of 3.60. The stock has a 50 day simple moving average of $82.27 and a two-hundred day simple moving average of $81.45.

Life360 (NASDAQ:LIF – Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. On average, research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

LIF has been the subject of several recent research reports. UBS Group dropped their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Zacks Research downgraded shares of Life360 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Canaccord Genuity Group restated a “buy” rating and set a $115.00 price objective on shares of Life360 in a report on Tuesday. Citigroup reaffirmed a “market outperform” rating on shares of Life360 in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.63.

View Our Latest Report on Life360

Institutional Investors Weigh In On Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock valued at $218,194,000 after buying an additional 5,540,302 shares during the last quarter. Norges Bank purchased a new position in shares of Life360 during the 2nd quarter valued at $60,369,000. Citigroup Inc. grew 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. American Century Companies Inc. bought a new stake in Life360 during the third quarter worth approximately $44,632,000. Finally, Franklin Resources Inc. raised its position in Life360 by 86.3% during the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after purchasing an additional 352,110 shares during the period. Hedge funds and other institutional investors own 20.00% of the company’s stock.

About Life360

(Get Free Report)

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.

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