Life360, Inc. (NASDAQ:LIF) Director Sells $415,000.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total value of $415,000.00. Following the sale, the director now owns 41,628 shares of the company’s stock, valued at approximately $1,727,562. This represents a 19.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Life360 Stock Performance

Shares of LIF opened at $40.95 on Friday. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $48.90. The business’s 50 day moving average price is $42.03.

Institutional Trading of Life360

Several hedge funds have recently modified their holdings of LIF. Emerald Advisers LLC purchased a new stake in Life360 during the 2nd quarter valued at $6,777,000. Millennium Management LLC purchased a new stake in Life360 during the 2nd quarter valued at $11,861,000. Regal Partners Ltd purchased a new stake in Life360 during the 2nd quarter valued at $23,635,000. Ghisallo Capital Management LLC purchased a new stake in Life360 during the 2nd quarter valued at $8,098,000. Finally, Ausbil Investment Management Ltd purchased a new stake in Life360 during the 3rd quarter valued at $2,749,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LIF. Stifel Nicolaus boosted their price target on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Loop Capital boosted their price objective on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Jefferies Financial Group began coverage on Life360 in a research note on Friday, August 9th. They set a “buy” rating and a $43.00 price objective for the company. UBS Group boosted their price objective on Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, JMP Securities boosted their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Life360 has a consensus rating of “Buy” and a consensus target price of $44.75.

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.