SAN MATEO, CA—Life360, Inc. (NASDAQ:LIF) Chief Financial Officer Burke Russell John sold 3,104 shares of the company’s common stock, according to a recent SEC filing. The transaction, which took place on December 23, 2024, was completed at a weighted average price of $41.41 per share, resulting in a total sale price of $128,536. The sale comes as Life360, now valued at $3.12 billion, is showing strong momentum with a 56% return over the past year.

Shares were traded in multiple transactions in the price range of $40.95 to $41.81 per share. Following this sale, John will own 154,962 shares of Life360 stock, which includes 91,008 restricted stock units subject to vesting conditions. According to InvestingProanalysts maintain a strong outlook with price targets from $50 to $58, while the company maintains a GOOD financial health score.

This transaction is made under a pre-established trading plan, commonly known as a 10b5-1 plan, which allows company insiders to sell a predetermined number of shares during a set period of time. to avoid potential conflicts of interest. InvestingPro subscribers can access 11 additional key insights about Life360, including detailed analysis of insider transactions and comprehensive financial health metrics.

In other recent news, Life360 reported mixed third quarter results with consolidated revenue and profit falling short of expectations, despite strong growth in the Subscription segment. This growth was driven by greater international market penetration, an increase in average revenue per paid circle (ARPPC), and a successful back-to-school season. Analysts from Canaccord Genuity and Evercore ISI responded to these developments by raising their price targets for Life360 to $58 and $55 respectively, both maintaining positive ratings on the stock.

The company’s revenue grew 18.7% year-over-year, with a healthy gross margin of 74%. However, overall results were impacted by lower hardware revenue due to delays in the launch of the new Tile product line. These issues have since been resolved, with direct-to-consumer sales more than doubling year-over-year in the six weeks following the launch of new Tile products.

Some analysts also expressed confidence in Life360. Loop Capital Markets increased its price target from $36 to $43, while Stifel and JMP Securities initiated coverage with positive ratings. These changes follow Life360’s announcement of a 31% year-over-year increase in monthly active users and a significant 35% year-over-year decrease in costs. related to paid acquisition and television marketing costs.

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