By Bernd Struben
Publication Date: 2026-04-27 04:11:00
Life360 Inc (ASX:360) shares are rising today.
Shares in the S&P/ASX 200 Index (ASX: Shares changed hands at $21.17 apiece in early afternoon trade on Monday, up 1.5%.
For some reason the ASX 200 is down 0.3% at the same time.
If we take a step back, Life360 shares have underperformed the benchmark over the past 12 months, rising 2.5% compared to the benchmark index’s 9.6% one-year gain.
If you’ve been following the ASX tech company, you’ll know the stock was in the red until early October.
In fact, Life360 hit a record closing high of $55.44 per share on October 3rd.
But not long after that all-time high, the stock found itself caught up in the general global selling pressure that hit many software-as-a-service (SaaS) stocks.
Life360 and many other SaaS stocks, commonly referred to as SaaSpocalypse, plunged on investor fears that artificial…
