Life360 director Prober sells $818k in shares By Investing.com
Key Takeaways
- Life360 Director Charles J. Prober sold $818,376 worth of stock under a pre-arranged 10b5-1 plan.
- Life360 stock has surged 124% over the past year, with the company maintaining high gross margins of 77%.
- The company reported Q2 results that significantly exceeded consensus estimates for both revenue and EBITDA.
- Multiple analysts (Citizens JMP, Stifel, Canaccord Genuity) raised their price targets following the strong financial performance and raised guidance.
- The stock is noted to be trading at elevated valuation multiples according to InvestingPro analysis.
Life360, Inc. Director Charles J. Prober sold 7,930 shares for $818,376 on October 13, 2025, as part of a pre-arranged Rule 10b5-1 trading plan, while simultaneously exercising options for the same amount of stock. This transaction occurs while Life360's stock has seen a massive 124% increase over the last year, though InvestingPro notes the stock trades at elevated valuation multiples. The company recently posted strong second-quarter results, surpassing revenue and EBITDA expectations, which prompted several analyst firms to issue positive updates. Citizens JMP, Stifel, and Canaccord Genuity all increased their price targets, citing the company's strong performance and raised full-year guidance across all segments. Furthermore, the article briefly mentions Unity Software also receiving positive analyst attention for its web checkout solution trends. The overall context is one of significant positive momentum for Life360, despite the insider selling executed via a pre-planned mechanism.
