Life360 (NASDAQ:LIF) Director John Philip Coghlan Sells 4,000 Shares

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $43.99, for a total transaction of $175,960.00. Following the completion of the transaction, the director owned 28,431 shares of the company’s stock, valued at approximately $1,250,679.69. The trade was a 12.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, May 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $44.16, for a total transaction of $176,640.00.
• On Wednesday, April 1st, John Philip Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $41.32, for a total transaction of $165,280.00.

Life360 Trading Down 2.4%

Shares of Life360 stock traded down $1.14 during trading on Tuesday, hitting $47.00. The stock had a trading volume of 875,268 shares, compared to its average volume of 1,179,922. The stock has a 50 day simple moving average of $41.96 and a 200 day simple moving average of $53.85. The company has a market capitalization of $3.81 billion, a PE ratio of 27.17 and a beta of 2.63. The company has a quick ratio of 5.23, a current ratio of 5.37 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.

Institutional Trading of Life360

Several hedge funds and other institutional investors have recently modified their holdings of LIF. Bank of America Corp DE boosted its stake in shares of Life360 by 312.8% during the 1st quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock worth $16,626,000 after acquiring an additional 308,632 shares in the last quarter. Amundi bought a new position in shares of Life360 in the 1st quarter valued at approximately $206,000. California State Teachers Retirement System lifted its holdings in Life360 by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock worth $3,536,000 after purchasing an additional 16,461 shares during the last quarter. Royal Bank of Canada lifted its holdings in Life360 by 85.5% in the 1st quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock worth $84,000 after purchasing an additional 949 shares during the last quarter. Finally, Regal Partners Ltd bought a new stake in Life360 during the first quarter worth approximately $855,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on LIF shares. Canaccord Genuity Group set a $72.00 target price on Life360 in a research report on Tuesday, May 12th. Evercore set a $68.00 price objective on Life360 in a research note on Tuesday, May 12th. Bank of America started coverage on Life360 in a research report on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price objective for the company. Macquarie Infrastructure initiated coverage on Life360 in a research note on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price on the stock. Finally, Wall Street Zen lowered shares of Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Life360 has a consensus rating of “Moderate Buy” and a consensus target price of $63.94.

About Life360

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.