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 stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.94, for a total transaction of $139,493.76. Following the sale, the chief financial officer now owns 145,650 shares in the company, valued at $6,545,511. This represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 value 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 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 Stock Down 0.2 %

LIF stock opened at $44.91 on Thursday. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.76. The company has a fifty day moving average price of $43.79 and a 200-day moving average price of $41.48.

Institutional Trading of Life360

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Life360 by 6.1% during the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after purchasing an additional 86,917 shares in the last quarter. Wealthstream Advisors Inc. bought a new position in shares of Life360 during the 3rd quarter worth approximately $35,538,000. Franklin Resources Inc. grew its position in shares of Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock worth $22,269,000 after buying an additional 432,292 shares during the period. Emerald Advisers LLC grew its position in shares of Life360 by 6.0% during the 3rd quarter. Emerald Advisers LLC now owns 221,679 shares of the company’s stock worth $8,723,000 after buying an additional 12,458 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Life360 in the 3rd quarter valued at $7,995,000. 20.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on LIF. Stifel Nicolaus lifted their price target on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group increased their price target on 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 price objective on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a 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’s stock. Based on data from MarketBeat, Life360 currently has a consensus rating of “Buy” and a consensus price target 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.