Insider Buying: The Life360, Inc. (ASX:360) Independent Non-Executive Director Just Bought 1.4% More Shares
ASX:360) recently shelled out AU$85k to buy stock, at AU$4.05 per share. Although the purchase is not a big one, increasing their shareholding by only 1.4%, it can be interpreted as a good sign.” data-reactid=”28″>Even if it’s not a huge purchase, we think it was good to see that James Synge, the Independent Non-Executive Director of Life360, Inc. (ASX:360) recently shelled out AU$85k to buy stock, at AU$4.05 per share. Although the purchase is not a big one, increasing their shareholding by only 1.4%, it can be interpreted as a good sign.
Check out our latest analysis for Life360 ” data-reactid=”29″> Check out our latest analysis for Life360
The Last 12 Months Of Insider Transactions At Life360
Notably, that recent purchase by Independent Non-Executive Director James Synge was not the only time they bought Life360 shares this year. Earlier in the year, they paid AU$2.65 per share in a AU$103k purchase. We do like to see buying, but this purchase was made at well below the current price of AU$4.08. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn’t tell us much about what they think of current prices.
While Life360 insiders bought shares during the last year, they didn’t sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
list of growing companies with insider buying.” data-reactid=”49″>Life360 is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 10% of Life360 shares, worth about AU$62m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Life360 Tell Us?
2 warning signs for Life360 that deserve your attention before buying any shares.” data-reactid=”53″>The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Life360 insiders are well aligned, and that they may think the share price is too low. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 2 warning signs for Life360 that deserve your attention before buying any shares.
list of interesting companies with high ROE and low debt.” data-reactid=”54″>But note: Life360 may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
Get in touch with us directly. Alternatively, email [email protected].” data-reactid=”56″>This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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