Life360, Inc. (NASDAQ:LIF) CFO Sells $132,664.96 in Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.74, for a total value of $132,664.96. Following the completion of the transaction, the chief financial officer now owns 151,858 shares in the company, valued at $6,490,410.92. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction 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 transaction of $136,482.88.

Life360 Stock Down 1.6 %

LIF traded down $0.63 during trading on Tuesday, reaching $39.85. 278,144 shares of the company's stock were exchanged, compared to its average volume of 222,656. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76. The business has a 50 day moving average price of $44.24 and a 200 day moving average price of $39.74.

Institutional Investors Weigh In On Life360

Large investors have recently bought and sold shares of the business. Wealthstream Advisors Inc. acquired a new position in shares of Life360 during the third quarter valued at $35,538,000. Millennium Management LLC acquired a new position in Life360 during the 2nd quarter valued at about $11,861,000. Ghisallo Capital Management LLC bought a new position in shares of Life360 in the 2nd quarter valued at about $8,098,000. Lord Abbett & CO. LLC bought a new stake in shares of Life360 during the third quarter worth approximately $7,995,000. Finally, Geode Capital Management LLC acquired a new position in Life360 in the third quarter valued at approximately $5,134,000. 20.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JMP Securities lifted their target price on Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a research note on Thursday, November 14th. Canaccord Genuity Group upped their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Stifel Nicolaus raised their target price on Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Finally, UBS Group upped their price target on Life360 from $35.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $47.00.

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.