Lauren Antonoff Sells Shares of Life360, Inc.
Lauren Antonoff, the Chief Operating Officer of Life360, Inc. (NASDAQ:LIF - Get Free Report), recently conducted a stock transaction on March 28th, during which she sold 5,500 shares of the company's stock. The sale was executed at an average price of $38.38, generating a total value of $211,090.00 from this transaction. After this sale, Antonoff holds 312,302 shares of Life360, with an estimated value of around $11,986,150.76. This transaction signifies a decrease of 1.73% in her ownership of the company's stock. The details of this trade were officially filed with the Securities and Exchange Commission (SEC), and can be viewed through a provided link.
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Additionally, Lauren Antonoff has made several other stock transactions recently. On March 24th, she sold 4,546 shares at an average price of $38.64, resulting in a total value of $175,657.44. Furthermore, on March 6th, she sold 13,106 shares at an average price of $42.08, totaling $551,500.48. Earlier, on February 25th, she sold 14,091 shares at an average price of $42.17, for a total of $594,217.47.
Life360 Stock Performance
As of Monday, shares of Life360 were trading down by 0.6%, falling $0.24 to reach $38.39. The stock had a trading volume of 614,421 shares, surpassing the average volume of 366,725 shares. Currently, Life360's 50-day moving average price stands at $43.55, while the 200-day moving average price is $43.03. The 12-month low for Life360 is $26.00 and the high is $52.77.
The latest earnings report for Life360 was released on February 27th. In this quarter, the company reported earnings per share (EPS) of $0.10, which fell short of the consensus estimate of $0.18 by $0.08. Life360 reported a negative return on equity of 4.03% and a negative net margin of 4.72%. The revenue for the quarter was $115.53 million, compared to analyst predictions of $114.39 million. Analysts anticipate that Life360, Inc. will report an EPS of -0.17 for the ongoing fiscal year.
Analyst Insights on Life360
Recent reports from several brokerages have provided an update regarding Life360 stock. UBS Group upgraded the company's rating from 'neutral' to 'buy' and increased their price target from $52.00 to $55.00 as of January 17th. In another report, Canaccord Genuity Group raised their price target on Life360 from $54.00 to $58.00, giving the stock a 'buy' rating. Presently, seven investment analysts have rated the stock as a buy, while one has given it a strong buy rating. Current consensus maintains a 'Buy' rating with a target price of $47.63.
Read Our Latest Stock Report on LIF
Institutional Investments in Life360
Several hedge funds have adjusted their positions in Life360 recently. Hodges Capital Management Inc. acquired a new stake in the company during the third quarter, valued at approximately $3,876,000. FMR LLC also increased their stake by 6.1% in the same quarter, acquiring 1,520,135 shares, valued at $59,817,000 after adding 86,917 shares. State Street Corp made a new investment valued at $2,393,000 in the third quarter, while Cherrydale Wealth Management LLC purchased a new position in Life360, valued at $340,000 during the fourth quarter. JPMorgan Chase & Co. raised its position in Life360 by 295.6% in the third quarter, now owning 13,054 shares worth $514,000 after buying an additional 9,754 shares. Overall, about 20.00% of Life360 stock is owned by hedge funds and other institutional investors.
About Life360, Inc.
Life360, Inc. is a company focused on family connection and safety solutions. Their offerings include a mobile app and Tile tracking devices that provide services such as location sharing, driving reports, and emergency dispatch during accidents. Life360, Inc. is headquartered in San Francisco.
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Investment Consideration for Life360
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