Life360, Inc. (NASDAQ:LIF) Short Interest Update

Life360, Inc. (NASDAQ:LIF) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 550,500 shares, an increase of 21.8% from the October 15th total of 452,000 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 258,400 shares, the days-to-cover ratio is currently 2.1 days.

Insider Buying and Selling at Life360

In other news, CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the sale, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. This trade represents a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Synge sold 3,471 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the transaction, the director now directly owns 67,102 shares in the company, valued at $2,505,588.68. This trade represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 633,657 shares of company stock worth $25,503,241.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealthstream Advisors Inc. bought a new position in shares of Life360 in the third quarter valued at $35,538,000. Regal Partners Ltd bought a new position in shares of Life360 in the second quarter valued at $23,635,000. Millennium Management LLC bought a new position in shares of Life360 in the second quarter valued at $11,861,000. Ghisallo Capital Management LLC bought a new position in shares of Life360 in the second quarter valued at $8,098,000. Finally, Emerald Advisers LLC bought a new position in shares of Life360 in the second quarter valued at $6,777,000.

Wall Street Analyst Weigh In

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

Life360 Trading Down 4.4 %

Shares of LIF traded down $1.93 during mid-day trading on Friday, reaching $41.95. 2,136,280 shares of the company’s stock traded hands, compared to its average volume of 268,630. The firm’s 50-day simple moving average is $41.15. Life360 has a 12 month low of $26.00 and a 12 month high of $48.90.

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.