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SAN MATEO, CA—Susan Stick, the General Counsel of Life360 , Inc. (NASDAQ:LIF), executed a sale of company stock, according to a recent SEC filing. On March 25, Stick sold 500 shares of Life360 common stock at a price of $40.26 per share, totaling $20,130. The transaction comes as Life360 demonstrates strong momentum, with the stock delivering a 47.7% return over the past year and maintaining a GOOD financial health score, according to InvestingPro data.
This transaction was carried out under a Rule 10b5-1 trading plan, which Stick adopted on November 27, 2024. Such plans allow insiders to set up a predetermined schedule for selling stocks, helping them avoid potential conflicts with insider trading laws.
Following this sale, Stick holds 85,752 shares of Life360 stock, including 71,100 restricted stock units that will convert to shares upon vesting. The transaction reflects a strategic move by the executive while adhering to regulatory guidelines.
In other recent news, Life360 has announced the appointment of Vari Bindra as its new Chief Information Security Officer, reflecting the company’s commitment to enhancing its security measures. Bindra, who brings two decades of experience in information and cybersecurity, will lead the digital security strategy at Life360. In terms of financial outlook, JMP Securities has maintained a Market Outperform rating for Life360, citing robust user growth and a successful freemium business model that provides competitive advantages. UBS has upgraded Life360’s stock from Neutral to Buy, raising its price target to $55.00 due to optimism about the company’s advertising revenue potential. UBS analysts project a 34% upside to this new price target, driven by expectations for faster-than-anticipated advertising revenue growth.
Life360’s core subscription business has shown resilience, with monthly active users increasing in recent quarters. The company is also exploring expansion opportunities into new markets, such as pet and elder care services, which could further enhance its revenue streams. Despite some logistical challenges in its non-core Hardware segment, UBS remains optimistic about Life360’s fiscal year 2025 guidance, anticipating it may exceed market estimates. These developments underscore Life360’s strategic focus on growth and expansion, as highlighted by analysts from both JMP Securities and UBS.
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