Life360 (NASDAQ:LIF) Sees Large Volume Increase - Here's What Happened

Shares of Life360, Inc. (NASDAQ:LIF - Get Free Report) saw an uptick in trading volume on Friday . 270,965 shares were traded during trading, a decline of 11% from the previous session's volume of 302,984 shares.The stock last traded at $43.18 and had previously closed at $51.20.

Analyst Upgrades and Downgrades

LIF has been the subject of several recent analyst reports. Loop Capital increased their price target on Life360 from $36.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Jefferies Financial Group started coverage on shares of Life360 in a research report on Friday, August 9th. They issued a "buy" rating and a $43.00 target price for the company. Stifel Nicolaus boosted their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. UBS Group increased their price objective on shares of Life360 from $35.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, JMP Securities boosted their target price on Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $47.00.

Life360 Trading Down 6.2 %

The business has a fifty day moving average of $44.51.

Insider Transactions at Life360

In other news, Director John Philip Coghlan sold 10,000 shares of the business'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 transaction of $415,000.00. Following the sale, the director now owns 41,628 shares in the company, valued at $1,727,562. The trade was a 19.37 % 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 the SEC website. Also, CEO Chris Hulls sold 556,569 shares of the firm'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 transaction of $22,830,460.38. Following the completion of the transaction, the chief executive officer now directly owns 952,696 shares of the company's stock, valued at $39,079,589.92. This represents a 36.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 700,186 shares of company stock valued at $28,262,534 in the last three months.

Institutional Trading of Life360

A number of hedge funds have recently modified their holdings of the business. Emerald Mutual Fund Advisers Trust raised its position in 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 buying an additional 736 shares during the period. WealthPlan Investment Management LLC increased its holdings in shares of Life360 by 8.2% in the 3rd 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 during the period. Point72 DIFC Ltd purchased a new stake in shares of Life360 in the second quarter worth approximately $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 Life360 in the 3rd quarter valued at approximately $139,000.

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.