Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke Sells 3,104 Shares

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.74, for a total value of $132,664.96. Following the completion of the transaction, the chief financial officer now owns 151,858 shares in the company, valued at $6,490,410.92. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Price Performance

Shares of LIF stock opened at $40.57 on Friday. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.76. The firm has a fifty day moving average of $44.13 and a 200-day moving average of $39.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealthstream Advisors Inc. acquired a new stake in shares of Life360 during the third quarter worth about $35,538,000. Millennium Management LLC acquired a new stake in Life360 during the 2nd quarter worth approximately $11,861,000. Ghisallo Capital Management LLC acquired a new stake in Life360 during the 2nd quarter worth approximately $8,098,000. Lord Abbett & CO. LLC bought a new position in Life360 in the third quarter valued at approximately $7,995,000. Finally, Geode Capital Management LLC acquired a new position in shares of Life360 in the third quarter valued at approximately $5,134,000. 20.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LIF shares. Canaccord Genuity Group raised their target price 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. Stifel Nicolaus raised their price objective on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. UBS Group upped their target price 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. Finally, JMP Securities raised their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Life360 has a consensus rating of “Buy” and a consensus target price of $47.00.

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.