Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke Sells 3,104 Shares

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $41.41, for a total transaction of $128,536.64. Following the completion of the sale, the chief financial officer now owns 154,962 shares of the company’s stock, valued at approximately $6,416,976.42. This trade represents a 1.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, December 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $43.97, for a total value of $136,482.88.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $42.10 on Friday. The stock’s 50-day simple moving average is $44.71. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76.

Analyst Upgrades and Downgrades

LIF has been the topic of several research analyst reports. JMP Securities boosted their price objective on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. UBS Group increased 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. Canaccord Genuity Group raised their price objective on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Stifel Nicolaus boosted their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Life360 has a consensus rating of “Buy” and an average target price of $47.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Emerald Advisers LLC purchased a new position in Life360 during the 2nd quarter valued at about $6,777,000. Hodges Capital Management Inc. bought a new position in shares of Life360 in the third quarter valued at approximately $3,876,000. FMR LLC grew its stake in Life360 by 6.1% during the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after acquiring an additional 86,917 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Life360 during the 3rd quarter worth approximately $675,000. Finally, Millennium Management LLC bought a new position in Life360 in the 2nd quarter valued at $11,861,000. 20.00% of the stock is owned by institutional investors.

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.