Key Points
- Life360 director Chris Hulls sold 16,379 shares on May 28 at an average price of $40.34, totaling about $660,729. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and Hulls still owned 403,485 shares afterward.
- This was not Hulls’ first recent sale: he also sold 16,105 shares in April and 15,133 shares in March, indicating a pattern of insider stock reduction over the past few months.
- Analyst sentiment remains mixed but generally positive, with a consensus rating of “Moderate Buy” and an average price target of $63.94, even as some firms have trimmed targets or downgraded the stock.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Chris Hulls sold 16,379 shares of Life360 stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $40.34, for a total transaction of $660,728.86. Following the completion of the sale, the director owned 403,485 shares of the company's stock, valued at $16,276,584.90. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chris Hulls also recently made the following trade(s):
- On Thursday, April 16th, Chris Hulls sold 16,105 shares of Life360 stock. The shares were sold at an average price of $45.51, for a total transaction of $732,938.55.
- On Thursday, March 19th, Chris Hulls sold 15,133 shares of Life360 stock. The shares were sold at an average price of $39.43, for a total value of $596,694.19.
Life360 Stock Performance
LIF opened at $48.14 on Tuesday. The firm has a 50 day moving average of $41.96 and a two-hundred day moving average of $53.85. The firm has a market capitalization of $3.90 billion, a PE ratio of 27.83 and a beta of 2.63. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54.
Institutional Trading of Life360
Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Life360 by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company's stock valued at $237,000 after purchasing an additional 378 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Life360 by 12.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company's stock valued at $5,327,000 after buying an additional 15,420 shares during the last quarter. Strs Ohio acquired a new stake in Life360 in the first quarter valued at $157,000. New York State Common Retirement Fund lifted its holdings in Life360 by 59.4% during the 2nd quarter. New York State Common Retirement Fund now owns 5,100 shares of the company's stock worth $333,000 after buying an additional 1,900 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Life360 by 1,065.1% during the second quarter. Invesco Ltd. now owns 163,970 shares of the company's stock worth $10,699,000 after purchasing an additional 149,896 shares during the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Citigroup dropped their price objective on shares of Life360 from $68.50 to $68.30 and set a "buy" rating on the stock in a research note on Thursday, April 9th. DA Davidson restated a "neutral" rating and issued a $40.00 price target on shares of Life360 in a research note on Wednesday, May 13th. Wall Street Zen lowered Life360 from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Bank of America initiated coverage on Life360 in a research note on Wednesday, April 22nd. They issued a "buy" rating and a $60.00 price objective for the company. Finally, Macquarie Infrastructure initiated coverage on Life360 in a research report on Tuesday, April 28th. They set an "outperform" rating and a $32.20 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Life360 has an average rating of "Moderate Buy" and a consensus target price of $63.94.
Check Out Our Latest Stock Analysis on Life360
About Life360
(
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.
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