Life360, Inc. (NASDAQ:LIF - Get Free Report)'s share price was down 5.6% during trading on Monday following insider selling activity. The company traded as low as $39.61 and last traded at $39.62. Approximately 18,913 shares traded hands during trading, a decline of 93% from the average daily volume of 266,439 shares. The stock had previously closed at $41.95.
Specifically, 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 value of $22,830,460.38. Following the transaction, the chief executive officer now directly owns 952,696 shares of the company's stock, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Jefferies Financial Group began coverage on Life360 in a research report on Friday, August 9th. They set a "buy" rating and a $43.00 target price for the company. UBS Group raised their price objective on Life360 from $35.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their target price on shares of Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a report on Monday, October 28th. JMP Securities lifted their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a research note on Thursday. Finally, Loop Capital increased their target price on shares of Life360 from $36.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Life360 presently has an average rating of "Buy" and a consensus target price of $44.75.
Read Our Latest Stock Report on LIF
Life360 Trading Down 3.9 %
The firm's 50-day moving average price is $41.24.
Hedge Funds Weigh In On Life360
Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd acquired a new stake in shares of Life360 in the 2nd quarter worth $43,000. BNP Paribas Financial Markets acquired a new position in Life360 in the third quarter valued at approximately $98,000. MetLife Investment Management LLC purchased a new position in Life360 in the third quarter worth approximately $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 during the second quarter worth $192,000. Finally, XY Capital Ltd purchased a new stake in Life360 in the second quarter valued at $205,000.
About Life360
(
Get Free Report)
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.
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