Life360 CFO Burke Russell John sells $128,536 in inventory

SAN MATEO, CA—Life360, Inc. (NASDAQ:LIF) Chief Monetary Officer Burke Russell John has offered 3,104 shares of the corporate’s frequent inventory, based on 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, at present valued at $3.12 billion, has demonstrated robust momentum with a 56% return over the previous 12 months.

The shares had been offered in a number of transactions inside a worth vary of $40.95 to $41.81 per share. Following this sale, John holds 154,962 shares of Life360 inventory, which incorporates 91,008 restricted inventory items which are topic to vesting circumstances. In response to InvestingPro, analysts preserve a bullish outlook with worth targets starting from $50 to $58, whereas the corporate maintains a GOOD monetary well being rating.

This transaction was carried out below a pre-established buying and selling plan, generally often known as a 10b5-1 plan, which permits firm insiders to promote a predetermined variety of shares at a set time to keep away from potential conflicts of curiosity. InvestingPro subscribers can entry 11 extra key insights about Life360, together with detailed evaluation of insider transactions and complete monetary well being metrics.

In different latest information, Life360 reported combined third-quarter outcomes with consolidated income and profitability falling in need of expectations, regardless of sturdy progress within the Subscription phase. This progress was pushed by better worldwide market penetration, a rise in common income per paying circle (ARPPC), and a profitable back-to-school season. Analysts from Canaccord Genuity and Evercore ISI responded to those developments by elevating their worth targets for Life360 to $58 and $55 respectively, each sustaining constructive scores on the inventory.

The corporate’s income grew by 18.7% year-over-year, with a wholesome gross revenue margin of 74%. Nevertheless, general outcomes had been affected by decrease {hardware} income resulting from delays in launching 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 the brand new Tile merchandise.

Different analysts additionally expressed confidence in Life360. Loop Capital Markets elevated its worth goal from $36 to $43, whereas Stifel and JMP Securities initiated protection with constructive scores. These modifications adopted Life360’s announcement of a 31% year-over-year enhance in month-to-month energetic customers and a big 35% year-on-year discount in prices associated to paid acquisitions and tv advertising and marketing bills.

This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.