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 Life360 stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $41.41, for a total transaction of $128,536.64. Following the completion of the sale, the chief financial officer now owns 154,962 shares of the company’s stock, valued at approximately $6,416,976.42. The trade was a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 Trading Up 0.6 %

Shares of LIF stock traded up $0.24 during mid-day trading on Thursday, reaching $42.37. 91,995 shares of the stock traded hands, compared to its average volume of 323,341. The business has a fifty day moving average price of $44.77. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76.

Analyst Ratings Changes

LIF has been the subject of several recent analyst reports. Canaccord Genuity Group upped their price objective 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 increased their price target on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus lifted 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. Finally, JMP Securities upped their target price on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Life360 has a consensus rating of “Buy” and an average target price of $47.00.

Institutional Trading of Life360

Several institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd bought a new position in Life360 during the 2nd quarter worth $43,000. BNP Paribas Financial Markets acquired a new stake in shares of Life360 in the third quarter valued at about $98,000. MetLife Investment Management LLC bought a new position in shares of Life360 during the third quarter worth about $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Life360 in the second quarter worth approximately $192,000. Finally, SG Americas Securities LLC bought a new stake in Life360 in the third quarter valued at approximately $246,000. Institutional investors own 20.00% of the company’s stock.

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.