Life360, Inc. (NASDAQ:LIF) CFO Sells $145,205.12 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12. Following the sale, the chief financial officer now directly owns 148,754 shares in the company, valued at approximately $6,958,712.12. The trade was a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $42.74, for a total value of $132,664.96.
• 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 Price Performance

Shares of LIF stock traded up $0.18 during trading hours on Tuesday, reaching $46.41. The company had a trading volume of 163,122 shares, compared to its average volume of 231,560. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.76. The stock has a fifty day moving average of $44.09 and a 200-day moving average of $40.48.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LIF. Stifel Nicolaus boosted their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. 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 report on Monday, December 2nd. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Finally, JMP Securities raised their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Life360 presently has a consensus rating of “Buy” and a consensus price target of $47.63.

Institutional Trading of Life360

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in shares of Life360 during the 2nd quarter valued at about $43,000. BNP Paribas Financial Markets purchased a new position in Life360 during the third quarter worth about $98,000. MetLife Investment Management LLC purchased a new stake in shares of Life360 in the 3rd quarter valued at approximately $139,000. KBC Group NV acquired a new stake in shares of Life360 during the 4th quarter worth approximately $147,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Life360 during the 2nd quarter worth approximately $192,000. 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.