Insider Selling: Life360, Inc. (NASDAQ:LIF) Director Sells 10,000 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.89, for a total value of $438,900.00. Following the transaction, the director now directly owns 66,272 shares in the company, valued at approximately $2,908,678.08. The trade was a 13.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Mark Goines also recently made the following trade(s):

• On Friday, November 22nd, Mark Goines sold 50,000 shares of Life360 stock. The shares were sold at an average price of $40.70, for a total value of $2,035,000.00.

Life360 Stock Up 6.7 %

Shares of LIF traded up $2.92 during trading hours on Tuesday, reaching $46.33. The company had a trading volume of 638,926 shares, compared to its average volume of 291,162. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $48.90. The firm has a 50 day moving average of $42.47.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Emerald Advisers LLC acquired a new position in shares of Life360 during the 2nd quarter worth $6,777,000. Millennium Management LLC acquired a new position in Life360 during the second quarter worth about $11,861,000. Regal Partners Ltd acquired a new position in Life360 during the second quarter worth about $23,635,000. Ghisallo Capital Management LLC acquired a new stake in shares of Life360 in the second quarter valued at approximately $8,098,000. Finally, Ausbil Investment Management Ltd purchased a new position in shares of Life360 during the 3rd quarter worth approximately $2,749,000.

Analysts Set New Price Targets

Several analysts recently commented on LIF shares. Jefferies Financial Group started coverage on shares of Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 price target for the company. JMP Securities raised their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Stifel Nicolaus increased their price objective on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Loop Capital increased their price target on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, UBS Group boosted their price objective on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $44.75.

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.