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 stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.78, for a total value of $145,205.12. Following the sale, the chief financial officer now directly owns 148,754 shares in the company, valued at approximately $6,958,712.12. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Russell John Burke also recently made the following trade(s):

• 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 transaction 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 shares were sold at an average price of $43.97, for a total transaction of $136,482.88.

Life360 Trading Up 2.0 %

Shares of Life360 stock opened at $47.34 on Thursday. The business’s fifty day moving average price is $44.29 and its 200 day moving average price is $40.61. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76.

Hedge Funds Weigh In On Life360

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd purchased a new position in Life360 in the second quarter valued at approximately $43,000. BNP Paribas Financial Markets purchased a new position in shares of Life360 in the 3rd quarter valued at $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 during the 3rd quarter valued at $139,000. KBC Group NV purchased a new stake in Life360 during the 4th quarter worth $147,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 in the 2nd quarter valued at $192,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus boosted 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. 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 raised their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Finally, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and lifted their price target for the company from $52.00 to $55.00 in a report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target 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.