Life360, Inc. (NASDAQ:LIF) Director Sells $2,035,000.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 50,000 shares of Life360 stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $40.70, for a total transaction of $2,035,000.00. Following the completion of the sale, the director now owns 76,272 shares in the company, valued at $3,104,270.40. This trade represents a 39.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mark Goines also recently made the following trade(s):

• On Monday, November 25th, Mark Goines sold 10,000 shares of Life360 stock. The shares were sold at an average price of $43.89, for a total transaction of $438,900.00.

Life360 Trading Up 6.7 %

Life360 stock opened at $46.33 on Wednesday. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $48.90. The firm has a 50-day moving average of $42.47.

Analyst Ratings Changes

Several brokerages have commented on LIF. Loop Capital boosted their price target on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. UBS Group increased their price target on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Jefferies Financial Group began coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price on the stock. Stifel Nicolaus lifted their price target on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, JMP Securities upped their price objective on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $44.75.

Hedge Funds Weigh In On Life360

A number of large investors have recently made changes to their positions in LIF. Regal Partners Ltd bought a new stake in Life360 in the 2nd quarter valued at $23,635,000. XY Capital Ltd bought a new stake in shares of Life360 in the second quarter valued at about $205,000. Emerald Mutual Fund Advisers Trust bought a new position in Life360 during the second quarter worth about $5,488,000. Emerald Advisers LLC bought a new position in Life360 during the second quarter worth about $6,777,000. Finally, Point72 DIFC Ltd acquired a new stake in Life360 in the 2nd quarter worth about $43,000.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.