Cherrydale Wealth Management LLC Takes $340,000 Position in Life360, Inc. (NASDAQ:LIF)

Cherrydale Wealth Management LLC bought a new stake in Life360, Inc. (NASDAQ:LIF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,235 shares of the company's stock, valued at approximately $340,000.

Other institutional investors also recently modified their holdings of the company. Affinity Capital Advisors LLC bought a new position in Life360 during the fourth quarter worth about $406,000. JPMorgan Chase & Co. increased its stake in Life360 by 295.6% in the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company's stock valued at $514,000 after purchasing an additional 9,754 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Life360 in the third quarter worth $7,995,000. Franklin Resources Inc. bought a new position in shares of Life360 during the third quarter worth $4,689,000. Finally, Barclays PLC acquired a new position in shares of Life360 in the 3rd quarter valued at $320,000. Institutional investors and hedge funds own 20.00% of the company's stock.

Life360 Price Performance

LIF stock traded up $2.80 during trading on Friday, reaching $43.37. 218,400 shares of the company were exchanged, compared to its average volume of 271,953. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76. The company has a 50-day moving average of $43.92 and a two-hundred day moving average of $39.89.

Analyst Upgrades and Downgrades

LIF has been the subject of several research analyst reports. JMP Securities upped 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. 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 report on Monday, December 2nd. UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $52.00 to $55.00 in a research note on Friday. Finally, Stifel Nicolaus raised their target price 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. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Life360 has an average rating of "Buy" and an average price target of $47.63.

Insiders Place Their Bets

In other news, Director Mark Goines sold 50,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $40.70, for a total value of $2,035,000.00. Following the completion of the sale, the director now directly owns 76,272 shares of the company's stock, valued at $3,104,270.40. This represents a 39.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Chris Hulls sold 556,569 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $41.02, for a total value of $22,830,460.38. Following the sale, the chief executive officer now directly owns 952,696 shares of the company's stock, valued at $39,079,589.92. The trade was a 36.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 635,881 shares of company stock valued at $26,117,045.

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.