Key Points
- Life360 director Charles Prober sold 7,930 shares on June 15 at an average price of $46.07, totaling about $365,335. After the sale, he still owned 109,911 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- Life360 shares were slightly higher, opening at $47.04 and trading up 0.2% in the latest session. The stock remains well below its 52-week high of $112.54 but above its 52-week low of $37.01.
- Analyst sentiment remains mixed but mostly positive, with a consensus rating of “Moderate Buy” and an average target price of $63.94. Recent reports included UBS cutting its target to $64 while maintaining a buy rating, alongside a rare sell rating from Weiss.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles Prober sold 7,930 shares of Life360 stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $46.07, for a total value of $365,335.10. Following the completion of the sale, the director directly owned 109,911 shares in the company, valued at approximately $5,063,599.77. This represents a 6.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Life360 Stock Up 0.2%
Shares of Life360 stock opened at $47.04 on Thursday. The business's 50 day simple moving average is $43.50 and its 200 day simple moving average is $51.56. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The firm has a market cap of $3.81 billion, a PE ratio of 27.19 and a beta of 2.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37.
Wall Street Analyst Weigh In
LIF has been the topic of several recent analyst reports. UBS Group lowered their price target on Life360 from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Tuesday, May 12th. Citigroup reissued a "buy" rating on shares of Life360 in a report on Monday, June 8th. Macquarie Infrastructure initiated coverage on Life360 in a report on Tuesday, April 28th. They set an "outperform" rating and a $32.20 target price on the stock. Bank of America initiated coverage on Life360 in a report on Wednesday, April 22nd. They set a "buy" rating and a $60.00 target price on the stock. Finally, Weiss Ratings lowered Life360 from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, May 12th. One 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $63.94.
Read Our Latest Stock Report on Life360
Institutional Trading of Life360
Several institutional investors have recently added to or reduced their stakes in LIF. Strive Financial Group LLC bought a new stake in Life360 in the 4th quarter valued at $26,000. MCF Advisors LLC bought a new stake in shares of Life360 during the 4th quarter valued at $32,000. NewEdge Advisors LLC bought a new stake in shares of Life360 during the 3rd quarter valued at $32,000. IFP Advisors Inc bought a new stake in shares of Life360 during the 3rd quarter valued at $47,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Life360 by 1,663.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company's stock valued at $55,000 after acquiring an additional 499 shares during the period. 20.00% of the stock is currently owned by 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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