Insider Selling: Life360, Inc. (NASDAQ:LIF) CEO Sells 556,569 Shares of Stock

Life360, Inc. (NASDAQ:LIF) CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the sale, the chief executive officer now directly owns 952,696 shares in the company, valued at approximately $39,079,589.92. The trade was a 36.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Life360 Trading Down 4.4 %

Life360 stock opened at $41.95 on Monday. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $48.90. The stock has a 50-day moving average price of $41.24.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Life360

Several hedge funds have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Life360 by 6.1% during the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares during the period. Wealthstream Advisors Inc. purchased a new stake in shares of Life360 during the 3rd quarter valued at about $35,538,000. Regal Partners Ltd purchased a new stake in shares of Life360 during the 2nd quarter valued at about $23,635,000. Millennium Management LLC purchased a new stake in shares of Life360 during the 2nd quarter valued at about $11,861,000. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Life360 during the 2nd quarter valued at about $8,098,000.

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.