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Hold, or cut Life 360?

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    Hold, or cut Life 360?

    Hi James and Team Can I have your current view on Life 360. It reached a YTD High today of $25.61. The momentum is currently up. Would you hold and let it run? At what price if you held would you consider selling or lightening? regards Debbie

    Answer

    Hi Debbie,

    We learned this week that director James Synge has sold $1.11mn worth of 360 stock, and Mark Goines 60,000 shares for ~$2.47mn, its easy to understand why!

    • James Synge no longer holds shares in Life360. As of September 2024, Synge sold all of his direct and indirect holdings in the company, amounting to over $2.6 million in transactions, reducing his ownership to zero​.
    • Mark Goines had a reduction in his holdings earlier in 2024, reportedly selling some of his shares post-conversion of Chess Depositary Interests (CDIs) into common stock.

    Life360 recently reported strong Q3 2024 earnings, achieving record results including: revenue of $93.9mn +18% YoY plus a significant turnaround with net income of $7.7 million compared to a net loss in the prior year. However, after surging higher in 2024 this $5.5bn tracking business looks in need of a rest.

    • If MM were long, we would be considering taking part profit.
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    Life360 Inc (360)
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