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 firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $43.97, for a total transaction 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 trade represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Life360 Price Performance

Shares of LIF opened at $43.50 on Friday. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76. The business’s 50-day simple moving average is $44.80.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JMP Securities raised their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Stifel Nicolaus upped 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. UBS Group boosted their price objective on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Loop Capital lifted their price target 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. Finally, Canaccord Genuity Group raised their price objective on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. One investment 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 company’s stock. According to data from MarketBeat.com, Life360 currently has an average rating of “Buy” and an average price target of $47.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new position in Life360 in the 2nd quarter valued at $43,000. BNP Paribas Financial Markets acquired a new position in shares of Life360 during the third quarter worth about $98,000. MetLife Investment Management LLC purchased a new position in Life360 during the third quarter worth about $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 in the second quarter valued at about $192,000. Finally, SG Americas Securities LLC acquired a new position in Life360 during the 3rd quarter worth approximately $246,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

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.