Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke Sells 3,104 Shares

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $39.35, for a total value of $122,142.40. Following the transaction, the chief financial officer now owns 181,857 shares of the company’s stock, valued at approximately $7,156,072.95. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, March 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $42.51, for a total value of $131,951.04.
• On Monday, February 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was 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 shares were 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 stock was sold at an average price of $42.74, for a total transaction of $132,664.96.

Life360 Stock Performance

LIF opened at $38.95 on Friday. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77. The firm’s fifty day moving average is $43.65 and its 200 day moving average is $42.85.

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

Institutional Trading of Life360

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System boosted its stake in Life360 by 14,425.5% during the fourth quarter. California State Teachers Retirement System now owns 61,443 shares of the company’s stock worth $2,536,000 after buying an additional 61,020 shares during the period. JT Stratford LLC bought a new position in Life360 during the 4th quarter valued at about $231,000. Monograph Wealth Advisors LLC raised its position in Life360 by 56.1% in the 4th quarter. Monograph Wealth Advisors LLC now owns 101,234 shares of the company’s stock worth $4,178,000 after purchasing an additional 36,400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Life360 in the 4th quarter worth about $5,090,000. Finally, Voloridge Investment Management LLC bought a new stake in Life360 in the fourth quarter worth about $1,902,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.