Insider Selling: Life360, Inc. (NASDAQ:LIF) CFO Sells $136,482.88 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $43.97, for a total value of $136,482.88. Following the completion of the sale, the chief financial officer now directly owns 158,066 shares in the company, valued at approximately $6,950,162.02. This represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Life360 Price Performance

Shares of Life360 stock opened at $43.81 on Friday. The firm has a 50 day moving average of $44.88. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Analyst Upgrades and Downgrades

LIF has been the topic of several analyst reports. UBS Group upped their target price on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Loop Capital upped their price objective on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. 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 research note on Thursday, November 14th. Canaccord Genuity Group boosted their target price on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Stifel Nicolaus raised their price target on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, October 28th. One investment 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’s stock. Based on data from MarketBeat, Life360 currently has an average rating of “Buy” and a consensus price target of $47.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LIF. Lord Abbett & CO. LLC bought a new stake in shares of Life360 during the third quarter worth $7,995,000. Franklin Resources Inc. acquired a new stake in Life360 in the third quarter worth about $4,689,000. Barclays PLC bought a new stake in Life360 during the 3rd quarter worth about $320,000. First Dallas Securities Inc. acquired a new position in Life360 during the 3rd quarter valued at about $273,000. Finally, Geode Capital Management LLC bought a new position in shares of Life360 in the 3rd quarter valued at about $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.