Life360, Inc. (NASDAQ:LIF) CFO Sells $145,205.12 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $46.78, for a total value of $145,205.12. Following the transaction, the chief financial officer now owns 148,754 shares of the company’s stock, valued at approximately $6,958,712.12. This represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, January 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $42.74, for a total value of $132,664.96.
• On Monday, December 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $41.41, for a total value of $128,536.64.
• On Tuesday, December 10th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $43.97, for a total transaction of $136,482.88.

Life360 Stock Performance

Shares of NASDAQ:LIF opened at $47.70 on Friday. The firm has a 50 day simple moving average of $44.39 and a 200 day simple moving average of $40.66. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76.

Institutional Investors Weigh In On Life360

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new stake in shares of Life360 in the 2nd quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new position in shares of Life360 in the third quarter valued at approximately $98,000. MetLife Investment Management LLC acquired a new stake in shares of Life360 in the third quarter valued at about $139,000. KBC Group NV bought a new position in Life360 in the 4th quarter worth approximately $147,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Life360 during the 2nd quarter worth about $192,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JMP Securities raised their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. 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. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and raised their price objective for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, Canaccord Genuity Group boosted their target price on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $47.63.

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.