Life360 director Mark Goines sells $1.26 million in stock

SAN MATEO, CA—Mark Goines, a director at Life360 , Inc. (NASDAQ:LIF), recently sold 30,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $42.00, totaling approximately $1.26 million. The transaction comes as Life360, a $3 billion market cap company, has shown impressive momentum with a 50% return over the past year. According to InvestingPro analysis, the company maintains a GREAT financial health score. Following this transaction, Goines holds 36,272 shares indirectly through the Goines Wong Living Trust.

Additionally, Goines has a direct ownership of 58,552 shares, which includes 1,508 restricted stock units that represent a contingent right to receive one share of the company’s common stock upon vesting.

In other recent news, Life360 has been the focus of several analyst reports highlighting its growth prospects and financial performance. UBS upgraded Life360’s stock from Neutral to Buy, raising the price target to $55.00. This decision was driven by optimistic projections for the company’s advertising revenue, which UBS believes could exceed market expectations. UBS also forecasts a 34% upside to the new price target, with fiscal year 2026 revenue projected to be $25 million, 4.5% higher than consensus estimates.

JMP Securities also maintained a positive outlook on Life360, reiterating a Market Outperform rating and a $55.00 price target. Analysts from JMP Securities have emphasized the company’s strong user growth in both domestic and international markets, as well as the successful introduction of Triple Tier subscriptions. They also noted Life360’s potential expansion into new sectors like pet and elder care services, which could expand its Total (EPA:TTEF) Addressable Market.

The firm’s freemium business model continues to provide competitive advantages, contributing to steady growth in Monthly Active Users and Paying Circles. JMP Securities has highlighted Life360’s strategic direction and growth prospects, particularly as it works towards a $1 billion revenue target. Both UBS and JMP Securities express confidence in Life360’s strategic initiatives and market position, despite recent challenges such as logistical issues in its non-core Hardware segment and a stock sell-off by the CEO.

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