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

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.78, for a total value of $145,205.12. Following the completion of the transaction, the chief financial officer now owns 148,754 shares in the company, valued at $6,958,712.12. The trade was a 2.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 shares were 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 stock was sold at an average price of $41.41, for a total transaction 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 Price Performance

Shares of LIF stock opened at $47.70 on Friday. The firm has a fifty day moving average of $44.39 and a two-hundred day moving average of $40.66. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LIF shares. Stifel Nicolaus lifted 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. Canaccord Genuity Group upped their target price on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. JMP Securities raised their target price on 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 report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $47.63.

Hedge Funds Weigh In On Life360

Large investors have recently added to or reduced their stakes in the company. Wealthstream Advisors Inc. acquired a new stake in shares of Life360 during the third quarter worth $35,538,000. Millennium Management LLC acquired a new position in Life360 in the second quarter valued at approximately $11,861,000. Ghisallo Capital Management LLC bought a new position in shares of Life360 during the second quarter valued at approximately $8,098,000. Lord Abbett & CO. LLC bought a new position in shares of Life360 during the third quarter valued at approximately $7,995,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $5,134,000. 20.00% of the stock is currently owned by institutional investors.

Life360 Company 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.