Life360, Inc. (NASDAQ:LIF) Director Sells $2,035,000.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 50,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $40.70, for a total transaction of $2,035,000.00. Following the sale, the director now directly owns 76,272 shares in the company, valued at $3,104,270.40. This represents a 39.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, November 25th, Mark Goines sold 10,000 shares of Life360 stock. The stock was sold at an average price of $43.89, for a total transaction of $438,900.00.

Life360 Trading Up 6.7 %

Shares of NASDAQ LIF opened at $49.45 on Friday. The stock’s 50-day simple moving average is $42.78. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $49.50.

Analyst Upgrades and Downgrades

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

Institutional Trading of Life360

Institutional investors have recently modified their holdings of the stock. Wealthstream Advisors Inc. purchased a new position in shares of Life360 in the 3rd quarter valued at $35,538,000. Regal Partners Ltd purchased a new position in shares of Life360 during the second quarter worth about $23,635,000. Millennium Management LLC purchased a new position in shares of Life360 during the second quarter worth about $11,861,000. Ghisallo Capital Management LLC acquired a new stake in shares of Life360 during the second quarter worth about $8,098,000. Finally, Emerald Advisers LLC purchased a new stake in shares of Life360 in the 2nd quarter valued at about $6,777,000.

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.