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 firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $43.60, for a total value of $135,334.40. Following the sale, the chief financial officer now directly owns 142,546 shares of the company’s stock, valued at $6,215,005.60. This represents a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, February 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $44.94, for a total transaction of $139,493.76.
• On Friday, January 24th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were 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 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 Stock Performance

Shares of NASDAQ LIF opened at $41.81 on Thursday. The firm has a 50 day moving average price of $43.95 and a two-hundred day moving average price of $42.41. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.76.

Institutional Trading of Life360

A number of institutional investors and hedge funds have recently bought and sold shares of LIF. New York State Common Retirement Fund bought a new stake in shares of Life360 in the 4th quarter valued at about $25,000. Summit Investment Advisors Inc. boosted its holdings in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after acquiring an additional 484 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Life360 during the 3rd quarter valued at approximately $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 in the 3rd quarter worth approximately $139,000. Finally, KBC Group NV bought a new stake in shares of Life360 in the 4th quarter valued at $147,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LIF shares. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. JMP Securities upped 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, Canaccord Genuity Group raised their target price on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $47.63.

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.