Insider Selling: Life360, Inc. (NASDAQ:LIF) CFO Sells 3,104 Shares of Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.78, for a total transaction of $145,205.12. Following the sale, the chief financial officer now owns 148,754 shares of the company's stock, valued at $6,958,712.12. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was 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 4.2 %

Shares of NASDAQ:LIF traded down $1.98 during midday trading on Friday, reaching $45.72. The company's stock had a trading volume of 244,752 shares, compared to its average volume of 203,954. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.76. The firm has a 50 day moving average of $44.49 and a 200-day moving average of $40.78.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus upped their target price on Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a report on Monday, October 28th. JMP Securities upped their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Thursday, November 14th. UBS Group raised shares of Life360 from a "neutral" rating to a "buy" rating and raised their target price for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, Canaccord Genuity Group boosted their price target on shares of Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $47.63.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new position in shares of Life360 during the fourth quarter valued at $25,000. Point72 DIFC Ltd purchased a new position in Life360 in the second quarter worth about $43,000. BNP Paribas Financial Markets purchased a new position in Life360 in the third quarter worth about $98,000. MetLife Investment Management LLC bought a new position in shares of Life360 in the third quarter worth approximately $139,000. Finally, KBC Group NV purchased a new stake in shares of Life360 during the fourth quarter valued at approximately $147,000. Hedge funds and other 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.