Chris Hulls Sells 27,000 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 27,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $63.34, for a total value of $1,710,180.00. Following the completion of the transaction, the director directly owned 419,554 shares in the company, valued at approximately $26,574,550.36. This trade represents a 6.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Hulls also recently made the following trade(s):

• On Thursday, June 18th, Chris Hulls sold 16,042 shares of Life360 stock. The stock was sold at an average price of $47.07, for a total value of $755,096.94.
• On Thursday, May 28th, Chris Hulls sold 16,379 shares of Life360 stock. The shares were sold at an average price of $40.34, for a total value of $660,728.86.

Life360 Trading Down 2.9%

NASDAQ:LIF opened at $59.69 on Friday. 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 1-year low of $37.01 and a 1-year high of $112.54. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 34.50 and a beta of 2.35. The business’s 50-day moving average price is $52.01 and its two-hundred day moving average price is $48.32.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Macquarie Infrastructure started coverage on shares of Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price for the company. Morgan Stanley started coverage on shares of Life360 in a research report on Tuesday, July 21st. They set an “overweight” rating and a $66.24 price target on the stock. DA Davidson upped their price objective on shares of Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. Finally, UBS Group dropped their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.81.

Institutional Trading of Life360

A number of large investors have recently bought and sold shares of LIF. NewEdge Advisors LLC bought a new position in Life360 in the third quarter valued at approximately $32,000. Strive Financial Group LLC bought a new stake in shares of Life360 during the fourth quarter worth $26,000. IFP Advisors Inc acquired a new stake in shares of Life360 during the third quarter worth $47,000. MCF Advisors LLC acquired a new stake in shares of Life360 during the fourth quarter worth $32,000. Finally, Advisory Services Network LLC bought a new stake in Life360 in the 3rd quarter valued at $80,000. 20.00% of the stock is owned by institutional investors.

Key Stories Impacting Life360

Here are the key news stories impacting Life360 this week:

• Positive Sentiment: Life360’s revenue reportedly grew 38%, supporting the investment case for continued expansion in its family-safety platform and subscription business. Life360 revenue grew 38 percent article
• Positive Sentiment: A recent investment commentary described Life360 shares as a potential strong buy, reflecting confidence in the company’s growth prospects and recurring-revenue model. Why Life360 shares could be a strong buy this month
• Neutral Sentiment: Analyst coverage remains broadly constructive, with a reported consensus “Moderate Buy” rating and an average price target of $64.81. However, differing targets and ratings indicate uncertainty about valuation and execution. Life360 analyst coverage
• Negative Sentiment: Three directors sold a combined 41,701 shares worth approximately $2.57 million: founder and director Chris Hulls sold 27,000 shares for $1.71 million, Brit Morin sold 10,701 shares for $642,060, and John Philip Coghlan sold 4,000 shares for $219,280. The transactions reduced their respective holdings by about 6.05%, 34.68%, and 16.37%, creating a near-term supply and sentiment overhang. Life360 founder stock sale Life360 director stock sale
• Negative Sentiment: All three sales were executed under pre-arranged Rule 10b5-1 trading plans, which suggests they may have been scheduled rather than discretionary bets against the stock. Even so, the timing and aggregate size of the disposals are likely contributing to investor caution. Life360 director sold stock at 60 dollars

Life360 Company Profile

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.