Still betting on Nvidia? Our AI picked this stock instead; it’s up 96%+ THIS MONTH
Life360 , Inc. (NASDAQ:LIF), a technology company with a market capitalization of $3.05 billion and impressive revenue growth of 22% over the last twelve months, saw its Chief Financial Officer Burke Russell John recently execute a sale of company shares, according to a filing with the Securities and Exchange Commission. On March 24, John sold a total of 3,104 shares of Life360 common stock, generating proceeds of $122,145. The shares were sold at prices ranging from $39.17 to $39.78 per share.
These transactions were carried out under a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks. Following the sale, John retains ownership of 181,857 shares, which includes 106,756 restricted stock units that are contingent on vesting.
In other recent news, Life360 has announced the appointment of Vari Bindra as its new Chief Information Security Officer, aiming to enhance its digital security strategy. Bindra’s extensive experience in cybersecurity, including roles at Amazon (NASDAQ:AMZN) and Intuit (NASDAQ:INTU), will support Life360’s commitment to privacy and security for its vast user base. On the financial front, JMP Securities has maintained a Market Outperform rating for Life360, citing strong user growth and the successful introduction of Triple Tier subscriptions in international markets as positive indicators. UBS has upgraded Life360 stock from Neutral to Buy, raising the price target to $55, driven by anticipated growth in advertising revenue.
Analysts at UBS project a 34% upside to this new price target, highlighting Life360’s potential for increased advertising revenue and high incremental EBITDA margins. Despite a recent dip in share price, UBS views the current valuation as an attractive entry point, with expectations that upcoming fiscal year guidance could exceed market estimates. Life360’s continued growth in Monthly Active Users (MAUs) and its strategic expansion into pet and elder care services are seen as pathways to increase its Total (EPA:TTEF) Addressable Market. These developments reflect the analysts’ confidence in Life360’s strategic direction and growth prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.