Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff Sells 4,546 Shares

Life360, Inc. (NASDAQ:LIF) COO Lauren Antonoff sold 4,546 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $38.64, for a total transaction of $175,657.44. Following the sale, the chief operating officer now owns 317,802 shares of the company’s stock, valued at approximately $12,279,869.28. This trade represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Lauren Antonoff also recently made the following trade(s):

• On Thursday, March 6th, Lauren Antonoff sold 13,106 shares of Life360 stock. The shares were sold at an average price of $42.08, for a total transaction of $551,500.48.
• On Tuesday, February 25th, Lauren Antonoff sold 14,091 shares of Life360 stock. The stock was sold at an average price of $42.17, for a total value of $594,217.47.

Life360 Stock Down 0.8 %

Shares of NASDAQ LIF opened at $38.63 on Friday. The firm’s 50-day simple moving average is $43.55 and its 200 day simple moving average is $42.89. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77.

Life360 (NASDAQ:LIF) last announced its earnings results 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 analysts’ expectations of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. Sell-side analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group raised their price objective on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $47.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. bought a new position in shares of Life360 in the third quarter valued at approximately $547,000. The Manufacturers Life Insurance Company purchased a new position in Life360 in the third quarter worth $675,000. FMR LLC grew its stake in Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after purchasing an additional 86,917 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Life360 during the 3rd quarter valued at $98,000. Finally, MetLife Investment Management LLC bought a new stake in shares of Life360 during the 3rd quarter worth $139,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

About Life360

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.