Life360, Inc.'s (NASDAQ:LIF) Lock-Up Period To Expire on December 3rd

Life360's (NASDAQ:LIF - Get Free Report) lock-up period is set to expire on Tuesday, December 3rd. Life360 had issued 5,750,000 shares in its IPO on June 6th. The total size of the offering was $155,250,000 based on an initial share price of $27.00. After the end of Life360's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Loop Capital boosted their price target on Life360 from $36.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. UBS Group boosted their price target on shares of Life360 from $35.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Stifel Nicolaus boosted their target price on Life360 from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Jefferies Financial Group started coverage on Life360 in a research note on Friday, August 9th. They issued a "buy" rating and a $43.00 target price on the stock. Finally, JMP Securities increased their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a research report on Thursday, November 14th. One equities 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. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $44.75.

Life360 Stock Up 6.2 %

Shares of Life360 stock traded up $2.71 during trading hours on Tuesday, reaching $46.12. The company's stock had a trading volume of 465,793 shares, compared to its average volume of 289,593. Life360 has a one year low of $26.00 and a one year high of $48.90. The business's 50 day simple moving average is $42.22.

Insider Activity at Life360

In other news, Director John Philip Coghlan sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total value of $415,000.00. Following the transaction, the director now directly owns 41,628 shares in the company, valued at approximately $1,727,562. This represents a 19.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the sale, the director now owns 106,742 shares in the company, valued at $3,463,777.90. The trade was a 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 643,657 shares of company stock worth $25,918,241 in the last three months.

Hedge Funds Weigh In On Life360

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC purchased a new stake in shares of Life360 in the third quarter valued at $320,000. First Dallas Securities Inc. acquired a new position in shares of Life360 in the 3rd quarter worth $273,000. Geode Capital Management LLC purchased a new position in shares of Life360 during the third quarter valued at $5,134,000. Y Intercept Hong Kong Ltd acquired a new stake in Life360 during the third quarter valued at $1,653,000. Finally, Hodges Capital Management Inc. bought a new stake in Life360 in the third quarter worth approximately $3,876,000.

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.