Life360 CFO Burke Russell John sells $135,334 in stock

SAN MATEO, CA— Life360 , Inc. (NASDAQ:LIF) Chief Financial Officer Burke Russell John recently sold a portion of his holdings in the company, according to a recent SEC filing. The timing of the sale comes as Life360’s stock shows mixed performance, with a -12.15% decline over the past week despite an impressive 55.93% gain over the last year, according to InvestingPro data. The transaction, executed on February 24, involved the sale of 3,104 shares of Life360 common stock, generating a total of $135,334. The shares were sold at a weighted average price of $43.60, with the prices ranging between $43.05 and $44.11 per share. With the company’s earnings report due tomorrow and current trading levels above InvestingPro’s Fair Value estimate, investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports.

This transaction was carried out under a pre-established Rule 10b5-1 trading plan, which was adopted by John in September 2024. Following the sale, John retains ownership of 142,546 shares of Life360, which includes 91,008 restricted stock units that are contingent on future vesting.

The sale reflects a strategic decision as part of John’s ongoing financial planning, facilitated through the 10b5-1 plan, allowing executives to set up a predetermined schedule for selling company stock.

In other recent news, Life360 has been the subject of several analyst reports highlighting its financial performance and strategic direction. UBS upgraded Life360’s stock from Neutral to Buy, raising the price target to $55.00, citing confidence in the company’s advertising revenue potential. UBS analysts project a 34% upside to the new price target, driven by expectations of faster-than-anticipated advertising revenue growth. Meanwhile, Canaccord Genuity maintained a Buy rating on Life360, increasing the price target from $54.00 to $58.00, following strong subscription growth and international market penetration.

Life360’s third-quarter results were mixed, with notable growth in the Subscription segment, despite consolidated revenue and profitability falling short of expectations. The company has set new records for monthly active users and Paying Circles, driven by increased average revenue per paying circle. Issues with hardware revenue, due to delays in launching the new Tile product line, have been resolved, leading to a doubling of direct-to-consumer sales year-over-year.

JMP Securities reiterated its Market Outperform rating on Life360 with a $55.00 price target, emphasizing the company’s freemium business model and potential expansion into new markets. Analysts from JMP highlighted Life360’s unique market position and strategic direction as factors contributing to its growth prospects. These recent developments underscore the analysts’ confidence in Life360’s ability to achieve its long-term revenue goals and capitalize on its competitive advantages.

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