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 that occurred on Friday, November 15th. The stock was sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the sale, the chief executive officer now directly owns 952,696 shares of the company’s stock, valued at $39,079,589.92. The trade was a 36.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Life360 Trading Down 5.2 %

Shares of Life360 stock traded down $2.28 on Friday, reaching $41.60. 1,804,532 shares of the company were exchanged, compared to its average volume of 265,694. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $48.90. The stock has a 50-day moving average price of $41.15.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group assumed coverage on Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price target for the company. Loop Capital boosted 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 increased their target price on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday. Finally, Stifel Nicolaus boosted their price target on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $44.75.

Hedge Funds Weigh In On Life360

Several hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in Life360 in the 2nd quarter worth approximately $43,000. BNP Paribas Financial Markets bought a new position in shares of Life360 in the third quarter worth $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 during the third quarter valued at $139,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Life360 during the second quarter valued at about $192,000. Finally, XY Capital Ltd acquired a new stake in Life360 in the second quarter worth about $205,000.

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.