Insider Selling: Life360, Inc. (NASDAQ:LIF) CFO Sells $139,493.76 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.94, for a total value of $139,493.76. Following the sale, the chief financial officer now owns 145,650 shares of the company’s stock, valued at approximately $6,545,511. This represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 stock was 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 shares were 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 Up 0.1 %

NASDAQ:LIF opened at $46.46 on Friday. The company has a 50 day moving average price of $43.66 and a 200-day moving average price of $41.61. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LIF. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and raised their price target for the stock from $52.00 to $55.00 in a report on Friday, January 17th. JMP Securities raised their target price on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Stifel Nicolaus boosted their price target on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Canaccord Genuity Group increased their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $47.63.

Institutional Trading of Life360

Several institutional investors have recently modified their holdings of LIF. New York State Common Retirement Fund purchased a new position in Life360 in the 4th quarter valued at about $25,000. Ameritas Investment Partners Inc. lifted its position in shares of Life360 by 82.3% in the fourth quarter. Ameritas Investment Partners Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after acquiring an additional 484 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Life360 in the third quarter worth approximately $98,000. MetLife Investment Management LLC purchased a new stake in shares of Life360 during the third quarter worth approximately $139,000. Finally, KBC Group NV acquired a new position in Life360 in the 4th quarter valued at $147,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.