Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Philip Coghlan sold 4,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $44.16, for a total transaction of $176,640.00. Following the sale, the director directly owned 32,431 shares in the company, valued at $1,432,152.96. This represents a 10.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Philip Coghlan also recently made the following trade(s):
- On Wednesday, April 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $41.32, for a total transaction of $165,280.00.
Life360 Stock Down 3.8%
Shares of NASDAQ:LIF opened at $44.52 on Wednesday. The firm's 50 day moving average price is $43.58 and its 200 day moving average price is $60.71. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 25.44 and a beta of 2.81. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week 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.
Institutional Investors Weigh In On Life360
Hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. lifted its holdings in Life360 by 158.4% in the third quarter. Citigroup Inc. now owns 749,569 shares of the company's stock valued at $79,679,000 after acquiring an additional 459,463 shares during the period. Vanguard Group Inc. lifted its holdings 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 period. Principal Financial Group Inc. acquired a new stake in Life360 in the third quarter valued at $5,762,000. Mizuho Markets Americas LLC acquired a new stake in Life360 in the third quarter valued at $12,015,000. Finally, Federated Hermes Inc. lifted its holdings in Life360 by 20.3% in the third quarter. Federated Hermes Inc. now owns 446,744 shares of the company's stock valued at $47,489,000 after acquiring an additional 75,283 shares during the period. Institutional investors and hedge funds own 20.00% of the company's stock.
Analysts Set New Price Targets
LIF has been the topic of several recent analyst reports. Macquarie Infrastructure initiated coverage on shares of Life360 in a research note on Tuesday, April 28th. They issued an "outperform" rating and a $32.20 price target on the stock. Wall Street Zen lowered shares of Life360 from a "buy" rating to a "hold" rating in a research report on Sunday, March 8th. 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 research report on Tuesday, January 27th. Citigroup lowered their target price on shares of Life360 from $68.50 to $68.30 and set a "buy" rating on the stock in a research report on Thursday, April 9th. Finally, Bank of America started coverage on shares of Life360 in a research report on Wednesday, April 22nd. They set a "buy" rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.35.
View Our Latest Stock Analysis on LIF
Life360 Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
