SAN MATEO, Calif. — Life360, Inc. (NASDAQ: LIF) Chief Monetary Officer Burke Russell John bought 3,104 shares of the corporate’s widespread inventory, in line with a latest SEC submitting. The transaction, which occurred on December 23, 2024, was accomplished at a weighted common worth of $41.41 per share, leading to a complete sale worth of $128,536. The sale comes as Life360, presently valued at $3.12 billion, has demonstrated robust momentum with a 56% return over the previous 12 months.
The shares had been bought in a number of transactions over a worth vary of $40.95 to $41.81 per share. On account of this sale, John owns 154,962 shares of Life360 inventory, together with 91,008 restricted inventory items topic to vesting situations. In keeping with InvestProanalysts keep a bullish outlook with worth targets starting from $50 to $58, whereas the corporate maintains a GOOD monetary well being ranking.
This transaction was accomplished below a pre-arranged buying and selling plan, generally known as a 10b5-1 plan, which permits firm insiders to promote a predetermined variety of shares at a given time as a way to keep away from potential conflicts of curiosity. InvestPro Subscribers can entry 11 extra key insights on Life360, together with detailed insider transaction evaluation and complete monetary well being metrics.
Individually, Life360 reported combined third-quarter outcomes, with consolidated income and profitability under expectations, regardless of sturdy development within the subscription section. This development was pushed by higher worldwide market penetration, a rise in common revenue per cost circle (ARPPC) and a profitable begin to the college 12 months. Analysts at Canaccord Genuity and Evercore ISI reacted to those developments by growing their worth targets for Life360 to $58 and $55 respectively, each sustaining constructive scores on the inventory.
The corporate’s income grew 18.7% year-over-year, with a wholesome gross revenue margin of 74%. Nevertheless, general outcomes had been affected by decrease {hardware} income because of delays within the launch of the brand new Tile product line. These points have since been resolved, with direct-to-consumer gross sales greater than doubling year-over-year within the six weeks following the launch of recent Tile merchandise.
Different analysts have additionally expressed confidence in Life360. Loop Capital Markets raised its worth goal to $43 from $36, whereas Stifel and JMP Securities initiated protection with constructive scores. These modifications observe Life360’s announcement of a 31% year-over-year improve in month-to-month lively customers and a major 35% year-over-year discount in prices associated to paid acquisitions and tv advertising bills.
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