Insider Selling: Life360, Inc. (NASDAQ:LIF) CFO Sells 3,104 Shares of Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.74, for a total transaction of $132,664.96. Following the completion of the sale, the chief financial officer now owns 151,858 shares in the company, valued at approximately $6,490,410.92. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, December 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $41.41, for a total value of $128,536.64.
• 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 value of $136,482.88.

Life360 Stock Performance

Shares of LIF traded down $0.63 during mid-day trading on Tuesday, hitting $39.85. The company’s stock had a trading volume of 278,138 shares, compared to its average volume of 218,662. The firm has a 50-day moving average price of $44.33 and a 200 day moving average price of $39.69. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group boosted their price target on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus upped their price objective on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JMP Securities raised their target price on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $47.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in Life360 in the 2nd quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Life360 during the second quarter valued at $192,000. Millennium Management LLC purchased a new stake in Life360 in the 2nd quarter worth about $11,861,000. Point72 Asset Management L.P. acquired a new stake in Life360 during the 2nd quarter worth about $405,000. Finally, Ghisallo Capital Management LLC purchased a new position in Life360 during the 2nd quarter valued at about $8,098,000. Institutional investors own 20.00% of the company’s stock.

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.