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

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.74, for a total transaction of $132,664.96. Following the completion of the transaction, the chief financial officer now owns 151,858 shares in the company, valued at $6,490,410.92. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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

NASDAQ:LIF opened at $40.63 on Thursday. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76. The firm has a 50 day moving average of $44.24 and a 200 day moving average of $39.74.

Analysts Set New Price Targets

LIF has been the topic of a number of recent research reports. Stifel Nicolaus increased their price objective 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. UBS Group increased their price objective on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, JMP Securities increased 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. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $47.00.

Institutional Investors Weigh In On Life360

A number of hedge funds and other institutional investors have recently bought and sold shares of LIF. Point72 DIFC Ltd purchased a new stake in Life360 during the second quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Life360 during the second quarter valued at approximately $192,000. Millennium Management LLC purchased a new stake in Life360 during the second quarter valued at approximately $11,861,000. Point72 Asset Management L.P. purchased a new position in shares of Life360 in the second quarter worth $405,000. Finally, Ghisallo Capital Management LLC purchased a new position in shares of Life360 in the second quarter worth $8,098,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.