Key Points
- Life360 director John Philip Coghlan sold 4,000 shares on June 1 at an average price of $43.99, for proceeds of $175,960. After the sale, he still held 28,431 shares.
- This was not an isolated move: Coghlan also sold 4,000 shares on both May 1 and April 1, indicating a repeated pattern of insider selling in recent months.
- Despite the insider sales, Wall Street remains cautiously positive on Life360, with analysts holding an average “Moderate Buy” rating and a consensus price target of $63.94.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Philip Coghlan sold 4,000 shares of the company's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $43.99, for a total value of $175,960.00. Following the transaction, the director directly owned 28,431 shares in the company, valued at $1,250,679.69. The trade was a 12.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
John Philip Coghlan also recently made the following trade(s):
- On Friday, May 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $44.16, for a total value of $176,640.00.
- On Wednesday, April 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $41.32, for a total value of $165,280.00.
Life360 Price Performance
Shares of NASDAQ:LIF opened at $47.00 on Wednesday. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54. The stock's 50 day moving average is $41.96 and its 200-day moving average is $53.85. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 27.17 and a beta of 2.62.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on LIF shares. Macquarie Infrastructure started coverage on Life360 in a research report on Tuesday, April 28th. They set an "outperform" rating and a $32.20 target price on the stock. Evercore set a $68.00 target price on Life360 in a research report on Tuesday, May 12th. DA Davidson reaffirmed a "neutral" rating and set a $40.00 target price on shares of Life360 in a research report on Wednesday, May 13th. Citigroup lowered their target price on Life360 from $68.50 to $68.30 and set a "buy" rating on the stock in a research report on Thursday, April 9th. Finally, Wall Street Zen lowered Life360 from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Life360 presently has an average rating of "Moderate Buy" and a consensus price target of $63.94.
View Our Latest Report on Life360
Institutional Investors Weigh In On Life360
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its position in Life360 by 824.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company's stock valued at $28,000 after buying an additional 239 shares during the last quarter. California State Teachers Retirement System raised its position in Life360 by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company's stock valued at $4,026,000 after buying an additional 254 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in Life360 by 8.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company's stock valued at $232,000 after buying an additional 273 shares during the last quarter. Russell Investments Group Ltd. raised its position in Life360 by 21.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company's stock valued at $107,000 after buying an additional 292 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Life360 in the 3rd quarter valued at $32,000. 20.00% of the stock is owned by hedge funds and other institutional investors.
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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