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 the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $41.41, for a total value of $128,536.64. Following the completion of the sale, the chief financial officer now directly owns 154,962 shares in the company, valued at approximately $6,416,976.42. This represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were sold at an average price of $43.97, for a total value of $136,482.88.

Life360 Stock Down 0.6 %

Shares of LIF stock opened at $42.10 on Friday. The business has a fifty day simple moving average of $44.71. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.76.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LIF shares. Canaccord Genuity Group raised their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Stifel Nicolaus lifted their target price 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 increased their price target on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Finally, UBS Group raised their price target on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Life360 currently has a consensus rating of “Buy” and a consensus target price of $47.00.

Hedge Funds Weigh In On Life360

A number of hedge funds have recently made changes to their positions in the business. Emerald Advisers LLC bought a new position in Life360 in the 2nd quarter worth approximately $6,777,000. Hodges Capital Management Inc. purchased a new position in Life360 during the third quarter valued at $3,876,000. FMR LLC increased its holdings in Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after acquiring an additional 86,917 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Life360 in the 3rd quarter worth $675,000. Finally, Millennium Management LLC bought a new position in shares of Life360 during the 2nd quarter valued at about $11,861,000. 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.