Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke Sells 3,104 Shares

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

NASDAQ:LIF opened at $46.46 on Friday. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76. The stock’s fifty day moving average is $43.66 and its two-hundred day moving average is $41.61.

Hedge Funds Weigh In On Life360

Several hedge funds have recently bought and sold shares of LIF. Wealthstream Advisors Inc. acquired a new position in Life360 in the 3rd quarter valued at about $35,538,000. Franklin Resources Inc. boosted its stake in shares of Life360 by 402.9% in the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock valued at $22,269,000 after purchasing an additional 432,292 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Life360 in the third quarter valued at approximately $7,995,000. Marshall Wace LLP increased its stake in Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock worth $16,975,000 after buying an additional 190,422 shares during the period. Finally, Swiss National Bank acquired a new stake in Life360 during the 4th quarter worth approximately $5,717,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analysts Set New Price Targets

LIF has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of 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 price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. 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. Finally, UBS Group raised Life360 from a “neutral” rating to a “buy” rating and upped their price target for the company from $52.00 to $55.00 in a research note 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. According to MarketBeat.com, Life360 currently has an average rating of “Buy” and an average 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.