Life360, Inc. (NASDAQ:LIF) CFO Sells $135,334.40 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $43.60, for a total transaction of $135,334.40. Following the completion of the transaction, the chief financial officer now owns 142,546 shares of the company’s stock, valued at $6,215,005.60. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $44.94, for a total value of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12.
• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were 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 stock was sold at an average price of $41.41, for a total transaction 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

NASDAQ:LIF traded down $0.29 during midday trading on Wednesday, hitting $41.81. 291,027 shares of the stock were exchanged, compared to its average volume of 223,587. Life360, Inc. has a one year low of $26.00 and a one year high of $52.76. The business has a 50-day moving average price of $43.94 and a two-hundred day moving average price of $42.41.

Hedge Funds Weigh In On Life360

Several hedge funds have recently modified their holdings of the company. JT Stratford LLC acquired a new position in shares of Life360 in the 4th quarter worth approximately $231,000. Monograph Wealth Advisors LLC lifted its holdings in shares of Life360 by 56.1% during the fourth quarter. Monograph Wealth Advisors LLC now owns 101,234 shares of the company’s stock valued at $4,178,000 after purchasing an additional 36,400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Life360 in the 4th quarter valued at $5,090,000. Voloridge Investment Management LLC purchased a new position in Life360 in the 4th quarter worth about $1,902,000. Finally, Squarepoint Ops LLC raised its holdings in Life360 by 303.8% during the 4th quarter. Squarepoint Ops LLC now owns 36,388 shares of the company’s stock worth $1,502,000 after buying an additional 27,376 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $55.00 in a report on Friday, January 17th. Canaccord Genuity Group raised their price target on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. 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 research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $47.63.

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.