Life360, Inc. (NASDAQ:LIF - Get Free Report) CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $39.35, for a total value of $122,142.40. Following the completion of the transaction, the chief financial officer now owns 181,857 shares in the company, valued at approximately $7,156,072.95. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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 shares were 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 transaction 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 transaction 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 shares were sold at an average price of $42.74, for a total transaction of $132,664.96.
Life360 Trading Down 3.7 %
Shares of Life360 stock opened at $39.88 on Thursday. The stock has a 50 day moving average of $43.68 and a 200 day moving average of $42.88. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77.
Life360 (NASDAQ:LIF - Get Free Report) last released 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). The business had revenue of $115.53 million for the quarter, compared to analysts' expectations of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.
Institutional Investors Weigh In On Life360
Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in shares of Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after acquiring an additional 432,292 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Life360 during the third quarter worth $7,995,000. Marshall Wace LLP boosted its position in shares of Life360 by 86.2% during the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock worth $16,975,000 after buying an additional 190,422 shares during the period. Citadel Advisors LLC grew its stake in shares of Life360 by 1,233.3% in the fourth quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock valued at $8,286,000 after buying an additional 185,722 shares in the last quarter. Finally, Swiss National Bank purchased a new stake in shares of Life360 in the 4th quarter valued at $5,717,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
LIF has been the subject of a number of analyst reports. UBS Group upgraded Life360 from a "neutral" rating to a "buy" rating and upped their price target for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Canaccord Genuity Group upped their target price on Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $47.63.
Get Our Latest Stock Analysis on Life360
About Life360
(
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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.
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