Life360, Inc. (NASDAQ:LIF) CFO Sells $128,536.64 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $41.41, for a total transaction of $128,536.64. Following the completion of the sale, the chief financial officer now directly owns 154,962 shares of the company’s stock, valued at approximately $6,416,976.42. The trade was a 1.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Russell John Burke also recently made the following trade(s):

• On Tuesday, December 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $43.97, for a total transaction of $136,482.88.

Life360 Stock Down 0.6 %

Shares of LIF stock opened at $42.10 on Friday. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76. The company has a 50-day moving average of $44.71.

Analyst Ratings Changes

LIF has been the topic of several recent research reports. JMP Securities raised their target price on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Canaccord Genuity Group lifted their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Stifel Nicolaus increased their target price on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, UBS Group boosted their price target on Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One investment 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. Based on data from MarketBeat, Life360 has a consensus rating of “Buy” and an average price target of $47.00.

Hedge Funds Weigh In On Life360

Institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new stake in shares of Life360 during the second quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new stake in Life360 during the 3rd quarter valued at $98,000. MetLife Investment Management LLC acquired a new position in Life360 during the third quarter worth $139,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Life360 in the second quarter valued at $192,000. Finally, SG Americas Securities LLC acquired a new position in shares of Life360 during the third quarter valued at about $246,000. 20.00% of the stock is owned by institutional investors and hedge funds.

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.