Life360, Inc. (NASDAQ:LIF) CEO Sells $22,830,460.38 in Stock

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

Life360 Trading Down 4.4 %

Life360 stock opened at $41.95 on Monday. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $48.90. The firm has a fifty day moving average price of $41.24.

Analysts Set New Price Targets

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

Institutional Trading of Life360

Large investors have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of Life360 during the second quarter valued at $43,000. BNP Paribas Financial Markets acquired a new stake in shares of Life360 during the third quarter valued at $98,000. MetLife Investment Management LLC acquired a new stake in shares of Life360 during the third quarter valued at $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Life360 during the second quarter valued at $192,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Life360 during the third quarter valued at $246,000.

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.