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

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.94, for a total transaction of $139,493.76. Following the completion of the transaction, the chief financial officer now directly owns 145,650 shares of the company’s stock, valued at $6,545,511. The trade was a 2.09 % 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 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were 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 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 Stock Down 0.2 %

NASDAQ:LIF traded down $0.10 during trading on Wednesday, reaching $44.91. The company’s stock had a trading volume of 109,864 shares, compared to its average volume of 211,213. The firm has a 50 day moving average of $43.93 and a 200-day moving average of $41.45. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.76.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LIF. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Stifel Nicolaus lifted their price target on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JMP Securities upped their price target on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. 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 equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $47.63.

Institutional Investors Weigh In On Life360

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hodges Capital Management Inc. purchased a new stake in shares of Life360 in the 3rd quarter worth about $3,876,000. FMR LLC raised its holdings in Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after purchasing an additional 86,917 shares during the period. State Street Corp bought a new position in shares of Life360 in the third quarter worth approximately $2,393,000. Cherrydale Wealth Management LLC bought a new stake in Life360 during the 4th quarter valued at approximately $340,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Life360 by 295.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock valued at $514,000 after purchasing an additional 9,754 shares during the last quarter. 20.00% of the stock is owned by hedge funds and other 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.