Life360 (NASDAQ:LIF) Shares Gap Down – Here’s What Happened

Life360, Inc. (NASDAQ:LIF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $46.18, but opened at $43.97. Life360 shares last traded at $44.12, with a volume of 15,997 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LIF shares. Canaccord Genuity Group upped their target price on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. 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. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, Stifel Nicolaus increased their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $47.63.

Life360 Price Performance

The stock’s 50-day simple moving average is $44.21 and its 200 day simple moving average is $41.14.

Insider Activity

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.78, for a total transaction of $145,205.12. Following the sale, the chief financial officer now owns 148,754 shares of the company’s stock, valued at $6,958,712.12. This represents a 2.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark Goines sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $40.70, for a total transaction of $2,035,000.00. Following the completion of the sale, the director now directly owns 76,272 shares of the company’s stock, valued at approximately $3,104,270.40. This represents a 39.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 638,985 shares of company stock worth $26,262,250.

Institutional Trading of Life360

A number of institutional investors have recently bought and sold shares of LIF. WealthPlan Investment Management LLC increased its stake in shares of Life360 by 2.5% in the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after acquiring an additional 247 shares during the last quarter. New York State Common Retirement Fund bought a new stake in Life360 in the fourth quarter valued at approximately $25,000. Emerald Mutual Fund Advisers Trust raised its holdings in Life360 by 0.4% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after purchasing an additional 736 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Life360 during the third quarter worth $98,000. Finally, SG Americas Securities LLC grew its holdings in shares of Life360 by 54.1% in the 4th quarter. SG Americas Securities LLC now owns 9,649 shares of the company’s stock valued at $398,000 after buying an additional 3,386 shares during the period. Institutional investors and hedge funds 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.