Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke Sells 3,104 Shares of Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.94, for a total value of $139,493.76. Following the transaction, the chief financial officer now owns 145,650 shares of the company’s stock, valued at approximately $6,545,511. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• 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 transaction of $132,664.96.
• On Monday, December 23rd, Russell John Burke sold 3,104 shares of Life360 stock. The stock was 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 shares were sold at an average price of $43.97, for a total transaction of $136,482.88.

Life360 Stock Performance

LIF stock opened at $44.91 on Thursday. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76. The company’s 50-day simple moving average is $43.79 and its 200 day simple moving average is $41.48.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LIF shares. JMP Securities increased their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Stifel Nicolaus upped their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Canaccord Genuity Group lifted their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $47.63.

Institutional Trading of Life360

A number of institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new position in shares of Life360 during the fourth quarter worth approximately $25,000. BNP Paribas Financial Markets bought a new position in Life360 during the 3rd quarter worth $98,000. MetLife Investment Management LLC acquired a new position in Life360 in the 3rd quarter valued at $139,000. KBC Group NV acquired a new position in Life360 in the 4th quarter valued at $147,000. Finally, Corebridge Financial Inc. lifted its position in shares of Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock valued at $210,000 after acquiring an additional 1,987 shares during the period. 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.