Life360, Inc. (NASDAQ:LIF) CFO Sells $131,951.04 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $42.51, for a total transaction of $131,951.04. Following the transaction, the chief financial officer now directly owns 184,961 shares in the company, valued at approximately $7,862,692.11. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Russell John Burke also recently made the following trade(s):

• On Monday, February 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $43.60, for a total value of $135,334.40.
• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $44.94, for a total value of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12.
• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $42.74, for a total transaction of $132,664.96.
• On Monday, December 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $41.41, for a total transaction of $128,536.64.

Life360 Trading Up 1.8 %

Shares of LIF stock opened at $40.30 on Friday. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.77. The stock has a 50 day moving average of $43.93 and a 200 day moving average of $42.73.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, equities research analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LIF has been the topic of several analyst reports. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Canaccord Genuity Group upped their target price on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $47.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LIF. New York State Common Retirement Fund acquired a new position in shares of Life360 during the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. increased its position in shares of Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after purchasing an additional 484 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Life360 in the 3rd quarter valued at $98,000. MetLife Investment Management LLC acquired a new stake in Life360 during the 3rd quarter worth $139,000. Finally, KBC Group NV purchased a new stake in shares of Life360 during the fourth quarter worth $147,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Company Profile

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.