Life360, Inc. (NASDAQ:LIF) CEO Sells $22,830,460.38 in Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) CEO Chris Hulls sold 556,569 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Life360 Price Performance

Shares of Life360 stock traded down $1.93 during mid-day trading on Friday, hitting $41.95. 2,136,290 shares of the stock were exchanged, compared to its average volume of 268,630. The stock has a 50-day moving average of $41.15. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $48.90.

Hedge Funds Weigh In On Life360

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Emerald Mutual Fund Advisers Trust increased its stake in shares of Life360 by 0.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company's stock valued at $6,697,000 after acquiring an additional 736 shares during the period. WealthPlan Investment Management LLC lifted its holdings in shares of Life360 by 8.2% in the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company's stock valued at $383,000 after purchasing an additional 738 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Life360 during the 2nd quarter valued at about $43,000. BNP Paribas Financial Markets purchased a new position in Life360 during the third quarter valued at approximately $98,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Life360 in the third quarter worth $139,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted 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. Loop Capital raised their target price on Life360 from $36.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. UBS Group increased their price objective on shares of Life360 from $35.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. JMP Securities boosted their price target on Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a report on Thursday. Finally, Jefferies Financial Group started coverage on Life360 in a research note on Friday, August 9th. They issued a "buy" rating and a $43.00 price target for the company. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Life360 currently has an average rating of "Buy" and a consensus price target of $44.75.

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.