Life360, Inc.’s (NASDAQ:LIF) Lock-Up Period Will End on December 3rd

Life360’s (NASDAQ:LIF) lock-up period will end on Tuesday, December 3rd. Life360 had issued 5,750,000 shares in its public offering on June 6th. The total size of the offering was $155,250,000 based on an initial share price of $27.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

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

Life360 Price Performance

LIF stock opened at $49.31 on Friday. The business’s 50-day moving average price is $43.31. Life360 has a 1 year low of $26.00 and a 1 year high of $49.53.

Insider Buying and Selling

In other Life360 news, Director James Synge sold 33,617 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $37.04, for a total value of $1,245,173.68. Following the completion of the transaction, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. This trade represents a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Goines sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $40.70, for a total value of $2,035,000.00. Following the sale, the director now owns 76,272 shares in the company, valued at approximately $3,104,270.40. This represents a 39.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 703,657 shares of company stock worth $28,392,141.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LIF. Franklin Resources Inc. acquired a new position in shares of Life360 during the 3rd quarter worth approximately $4,689,000. Barclays PLC acquired a new position in Life360 in the 3rd quarter valued at about $320,000. First Dallas Securities Inc. bought a new position in Life360 in the 3rd quarter valued at about $273,000. Geode Capital Management LLC acquired a new stake in Life360 during the third quarter worth approximately $5,134,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Life360 during the third quarter worth approximately $1,653,000.

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.