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 firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.74, for a total value of $132,664.96. Following the transaction, the chief financial officer now owns 151,858 shares in the company, valued at approximately $6,490,410.92. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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

Shares of LIF opened at $39.85 on Wednesday. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $52.76. The stock’s fifty day moving average price is $44.24 and its two-hundred day moving average price is $39.74.

Wall Street Analysts Forecast Growth

LIF has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. UBS Group boosted their price objective on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Canaccord Genuity Group raised their target price on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, JMP Securities boosted their price target on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $47.00.

Institutional Investors Weigh In On Life360

Several large investors have recently added to or reduced their stakes in LIF. Point72 DIFC Ltd bought a new position in Life360 during the second quarter worth about $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Life360 during the 2nd quarter valued at approximately $192,000. Millennium Management LLC bought a new position in Life360 in the 2nd quarter worth approximately $11,861,000. Point72 Asset Management L.P. purchased a new position in Life360 in the 2nd quarter valued at approximately $405,000. Finally, Ghisallo Capital Management LLC bought a new stake in Life360 during the 2nd quarter valued at $8,098,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.