Life360, Inc. (NASDAQ:LIF) Short Interest Update

Life360, Inc. (NASDAQ:LIF - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 550,500 shares, an increase of 21.8% from the October 15th total of 452,000 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 258,400 shares, the days-to-cover ratio is currently 2.1 days.

Insider Buying and Selling at Life360

In other news, CEO Chris Hulls sold 556,569 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the sale, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. This trade represents a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Synge sold 3,471 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the transaction, the director now directly owns 67,102 shares in the company, valued at $2,505,588.68. This trade represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 633,657 shares of company stock worth $25,503,241.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealthstream Advisors Inc. bought a new position in shares of Life360 in the third quarter valued at $35,538,000. Regal Partners Ltd bought a new position in shares of Life360 in the second quarter valued at $23,635,000. Millennium Management LLC bought a new position in shares of Life360 in the second quarter valued at $11,861,000. Ghisallo Capital Management LLC bought a new position in shares of Life360 in the second quarter valued at $8,098,000. Finally, Emerald Advisers LLC bought a new position in shares of Life360 in the second quarter valued at $6,777,000.

Wall Street Analyst Weigh In

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

Life360 Trading Down 4.4 %

Shares of LIF traded down $1.93 during mid-day trading on Friday, reaching $41.95. 2,136,280 shares of the company's stock traded hands, compared to its average volume of 268,630. The firm's 50-day simple moving average is $41.15. Life360 has a 12 month low of $26.00 and a 12 month high of $48.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.