Insider Selling: Life360, Inc. (NASDAQ:LIF) CFO Sells 3,104 Shares of Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $43.60, for a total value of $135,334.40. Following the completion of the transaction, the chief financial officer now directly owns 142,546 shares of the company’s stock, valued at approximately $6,215,005.60. This represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $44.94, for a total value of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The stock was sold at an average price of $46.78, for a total value of $145,205.12.
• 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 transaction 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 Down 0.7 %

NASDAQ:LIF traded down $0.29 during mid-day trading on Wednesday, reaching $41.81. The company’s stock had a trading volume of 291,027 shares, compared to its average volume of 223,587. The company’s fifty day simple moving average is $43.94 and its two-hundred day simple moving average is $42.41. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76.

Institutional Trading of Life360

Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new position in Life360 in the fourth quarter valued at $25,000. Summit Investment Advisors Inc. increased its position in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after purchasing an additional 484 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Life360 in the third quarter valued at approximately $98,000. MetLife Investment Management LLC acquired a new position in Life360 during the third quarter valued at approximately $139,000. Finally, KBC Group NV purchased a new stake in Life360 during the fourth quarter worth approximately $147,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LIF shares. JMP Securities boosted 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. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, Canaccord Genuity Group boosted their price objective on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Seven 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, Life360 has a consensus rating of “Buy” and an average price target 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.