Core Viewpoint - Life360 has been downgraded by Citigroup from "Market Outperform" to "Perform" amid insider selling and stock performance concerns [1][5]. Company Overview - Life360 is known for its family networking app that provides location sharing, driving safety features, and emergency assistance [1]. - The company competes with other family safety apps and location services [1]. Stock Performance - Life360's stock has declined by 40% from its peak in October, currently priced at $64.36 [3][5]. - The stock experienced a slight increase of 0.34% on the day of reporting, with a trading range between $63.41 and $65 [3]. Insider Activity - Director John Philip Coghlan sold 3,125 shares at a weighted average price of $77.22, totaling approximately $241,000 [2][5]. - This sale aligns with Coghlan's median sell size over the past year, but his overall holdings have decreased by over 90% since July [2]. - The insider sale suggests a continuation of a pre-set trading plan, indicating a cautious approach by the director [4]. Market Capitalization and Trading Volume - Life360's market capitalization is approximately $5.04 billion, with a trading volume of 623,086 shares [3].
Life360 (NASDAQ:LIF) Stock Downgrade and Insider Selling Activity