Insider Selling: Life360, Inc. (NASDAQ:LIF) Director Sells $438,900.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 10,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.89, for a total value of $438,900.00. Following the completion of the transaction, the director now directly owns 66,272 shares in the company, valued at $2,908,678.08. This represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, November 22nd, Mark Goines sold 50,000 shares of Life360 stock. The stock was sold at an average price of $40.70, for a total transaction of $2,035,000.00.

Life360 Stock Up 6.7 %

NASDAQ:LIF opened at $49.45 on Friday. The business’s 50 day moving average price is $42.78. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $49.50.

Institutional Trading of Life360

Several large investors have recently made changes to their positions in LIF. FMR LLC boosted its position in Life360 by 6.1% during the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after acquiring an additional 86,917 shares during the last quarter. Wealthstream Advisors Inc. purchased a new position in Life360 in the 3rd quarter worth approximately $35,538,000. Regal Partners Ltd acquired a new position in shares of Life360 during the 2nd quarter worth approximately $23,635,000. Millennium Management LLC purchased a new stake in shares of Life360 in the second quarter valued at approximately $11,861,000. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of Life360 in the second quarter valued at approximately $8,098,000.

Wall Street Analysts Forecast Growth

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

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.