Life360, Inc. (NASDAQ:LIF) CEO Chris Hulls Sells 556,569 Shares

Life360, Inc. (NASDAQ:LIF) CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $41.02, for a total value of $22,830,460.38. Following the sale, the chief executive officer now directly owns 952,696 shares of the company’s stock, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Life360 Stock Performance

Shares of LIF stock opened at $41.95 on Friday. The firm has a 50-day moving average of $41.24. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $48.90.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust lifted its position in shares of Life360 by 0.4% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after acquiring an additional 736 shares during the period. WealthPlan Investment Management LLC grew its holdings in shares of Life360 by 8.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock worth $383,000 after acquiring an additional 738 shares during the period. Point72 DIFC Ltd purchased a new position in Life360 in the 2nd quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new position in Life360 during the third quarter worth $98,000. Finally, MetLife Investment Management LLC purchased a new stake in Life360 during the third quarter worth $139,000.

About Life360

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.