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 stock was sold at an average price of $46.78, for a total transaction of $145,205.12. Following the transaction, the chief financial officer now directly owns 148,754 shares in the company, valued at $6,958,712.12. The trade was a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 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 value 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 value of $136,482.88.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $46.41 on Wednesday. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76. The business’s 50 day moving average is $44.18 and its 200-day moving average is $40.56.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Life360 by 0.4% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after acquiring an additional 736 shares during the period. WealthPlan Investment Management LLC raised its position in Life360 by 8.2% in the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock worth $383,000 after purchasing an additional 738 shares in the last quarter. Point72 DIFC Ltd bought a new position in Life360 during the second quarter worth about $43,000. BNP Paribas Financial Markets bought a new position in Life360 during the third quarter worth about $98,000. Finally, SG Americas Securities LLC boosted its holdings in Life360 by 54.1% during the fourth quarter. SG Americas Securities LLC now owns 9,649 shares of the company’s stock valued at $398,000 after purchasing an additional 3,386 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on LIF shares. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and raised their target price for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group lifted their price objective on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. JMP Securities increased their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus lifted their price target on 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently 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.