Life360 (NASDAQ:LIF) CFO Sells $1,472,670.54 in Stock
Life360 CFO Russell John Burke sold 16,287 shares of the company's stock for $1,472,670.54 on August 26, reducing his holdings by 20.53%. After the sale, he owns 63,030 shares valued at approximately $5.7 million. The stock opened at $91.31, with a market cap of $7.08 billion. Life360 recently reported earnings of $0.08 per share, exceeding estimates, and analysts have set target prices ranging from $85 to $95, with a consensus rating of "Buy."
Life360, Inc. (NASDAQ:LIF - Get Free Report) CFO Russell John Burke sold 16,287 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $90.42, for a total value of $1,472,670.54. Following the completion of the transaction, the chief financial officer owned 63,030 shares in the company, valued at approximately $5,699,172.60. The trade was a 20.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
- Unusually High Volume Points to Upside in These Stocks
Russell John Burke also recently made the following trade(s):
- On Thursday, July 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $75.87, for a total value of $235,500.48.
- On Thursday, July 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $63.98, for a total value of $198,593.92.
- On Friday, June 27th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $61.95, for a total value of $192,292.80.
- On Tuesday, June 10th, Russell John Burke sold 3,030 shares of Life360 stock. The shares were sold at an average price of $64.13, for a total value of $194,313.90.
Life360 Stock Up 0.3%
Shares of NASDAQ LIF opened at $91.31 on Friday. The stock has a market cap of $7.08 billion, a PE ratio of 285.35 and a beta of 3.46. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84. Life360, Inc. has a 52-week low of $29.62 and a 52-week high of $92.51. The business has a 50-day moving average price of $74.37 and a 200 day moving average price of $56.45.
Life360 (NASDAQ:LIF - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. The firm had revenue of $115.38 million during the quarter, compared to analysts' expectations of $109.33 million. Life360 had a return on equity of 7.65% and a net margin of 6.45%. Life360 has set its FY 2025 guidance at EPS. Equities research analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.
Analysts Set New Price Targets
LIF has been the subject of a number of research analyst reports. Evercore ISI upped their target price on Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. UBS Group reissued a "buy" rating and issued a $85.00 target price (up from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. Wall Street Zen raised Life360 from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Stifel Nicolaus upped their target price on Life360 from $87.00 to $92.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Finally, Canaccord Genuity Group increased their price objective on Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Life360 has a consensus rating of "Buy" and a consensus target price of $86.43.
Read Our Latest Stock Analysis on Life360
Institutional Trading of Life360
A number of hedge funds have recently added to or reduced their stakes in LIF. Keystone Financial Group Inc. acquired a new stake in Life360 during the 2nd quarter worth approximately $62,000. GAMMA Investing LLC lifted its position in Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after acquiring an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Life360 by 937.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after acquiring an additional 1,978 shares during the period. State of Wyoming acquired a new stake in Life360 during the 2nd quarter worth approximately $96,000. Finally, Ameritas Investment Partners Inc. lifted its position in Life360 by 53.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock worth $107,000 after acquiring an additional 570 shares during the period. 20.00% of the stock is owned by institutional investors and hedge funds.
Life360 Company Profile
(Get Free Report)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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