Cherrydale Wealth Management LLC Makes New $340,000 Investment in Life360, Inc. (NASDAQ:LIF)

Cherrydale Wealth Management LLC bought a new stake in Life360, Inc. (NASDAQ:LIF) in the fourth quarter, Holdings Channel.com reports. The firm bought 8,235 shares of the company’s stock, valued at approximately $340,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LIF. Point72 DIFC Ltd acquired a new position in Life360 in the 2nd quarter valued at about $43,000. BNP Paribas Financial Markets acquired a new stake in Life360 during the third quarter worth $98,000. MetLife Investment Management LLC purchased a new stake in Life360 in the third quarter valued at $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Life360 in the 2nd quarter valued at $192,000. Finally, SG Americas Securities LLC purchased a new position in shares of Life360 during the 3rd quarter worth $246,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John Philip Coghlan sold 10,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total transaction of $415,000.00. Following the completion of the sale, the director now owns 41,628 shares in the company, valued at approximately $1,727,562. This represents a 19.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chris Hulls sold 556,569 shares of Life360 stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the transaction, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. This trade represents a 36.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 635,881 shares of company stock worth $26,117,045.

Analysts Set New Price Targets

A number of research analysts have commented on LIF shares. Stifel Nicolaus upped their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Canaccord Genuity Group upped 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. JMP Securities lifted their target price on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Finally, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and upped their price target for the stock from $52.00 to $55.00 in a research note on Friday. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Life360 presently has an average rating of “Buy” and an average price target of $47.63.

Life360 Trading Up 6.9 %

NASDAQ:LIF traded up $2.80 during midday trading on Friday, reaching $43.37. The company had a trading volume of 218,400 shares, compared to its average volume of 271,953. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.76. The stock’s fifty day simple moving average is $43.92 and its 200-day simple moving average is $39.83.

Life360 Profile

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.