Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan Sells 3,125 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 3,125 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $43.30, for a total transaction of $135,312.50. Following the completion of the sale, the director now owns 32,903 shares of the company’s stock, valued at approximately $1,424,699.90. This represents a 8.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

John Philip Coghlan also recently made the following trade(s):

• On Tuesday, April 1st, John Philip Coghlan sold 3,125 shares of Life360 stock. The stock was sold at an average price of $37.86, for a total transaction of $118,312.50.

Life360 Stock Performance

Shares of LIF stock opened at $43.56 on Tuesday. The stock’s fifty day moving average price is $39.15 and its 200 day moving average price is $42.64. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.77.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LIF. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and lifted their price target for the company from $52.00 to $55.00 in a report on Friday, January 17th. Stifel Nicolaus cut their target price on Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Life360 currently has an average rating of “Buy” and an average price target of $47.38.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in shares of Life360 by 2,245.1% during the first quarter. Victory Capital Management Inc. now owns 189,645 shares of the company’s stock worth $7,280,000 after buying an additional 181,558 shares during the period. Emerald Advisers LLC raised its stake in Life360 by 53.8% in the 1st quarter. Emerald Advisers LLC now owns 270,817 shares of the company’s stock worth $10,397,000 after acquiring an additional 94,679 shares during the last quarter. New York State Common Retirement Fund lifted its position in Life360 by 433.3% during the 1st quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock worth $123,000 after acquiring an additional 2,600 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in Life360 by 39.5% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 146,893 shares of the company’s stock worth $5,639,000 after acquiring an additional 41,596 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company’s stock valued at $21,087,000 after purchasing an additional 418,493 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.