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 on Monday, February 24th. The shares were sold at an average price of $43.60, for a total transaction of $135,334.40. Following the sale, the chief financial officer now owns 142,546 shares in the company, valued at $6,215,005.60. The trade was a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was 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 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 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 stock was 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 value of $136,482.88.

Life360 Stock Performance

Life360 stock opened at $40.58 on Friday. The company’s 50-day moving average price is $43.92 and its 200-day moving average price is $42.40. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. As a group, equities analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. WealthPlan Investment Management LLC lifted its holdings 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 worth $412,000 after acquiring an additional 247 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after purchasing an additional 484 shares during the last quarter. New York State Common Retirement Fund purchased a new position in shares of Life360 during the fourth quarter valued at approximately $25,000. Emerald Mutual Fund Advisers Trust grew its stake in shares of Life360 by 0.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after buying an additional 736 shares during the last quarter. Finally, Corebridge Financial Inc. raised its holdings in shares of Life360 by 64.0% in the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock worth $210,000 after buying an additional 1,987 shares during the period. 20.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LIF. 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. Canaccord Genuity Group raised their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, JMP Securities lifted their target price on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $47.63.

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.