Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan Sells 10,000 Shares

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

Life360 Stock Down 3.6 %

NASDAQ:LIF opened at $40.95 on Friday. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $48.90. The stock’s fifty day simple moving average is $42.03.

Institutional Investors Weigh In On Life360

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIF. Emerald Mutual Fund Advisers Trust grew its stake in Life360 by 0.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after acquiring an additional 736 shares in the last quarter. WealthPlan Investment Management LLC grew its stake in Life360 by 8.2% in the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock worth $383,000 after purchasing an additional 738 shares in the last quarter. Point72 DIFC Ltd bought a new position in Life360 in the second quarter worth approximately $43,000. BNP Paribas Financial Markets purchased a new position in Life360 during the 3rd quarter worth $98,000. Finally, MetLife Investment Management LLC bought a new stake in Life360 during the 3rd quarter valued at $139,000.

Analysts Set New Price Targets

LIF has been the topic of a number of recent research reports. Loop Capital upped their price objective on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Stifel Nicolaus increased 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. UBS Group lifted their price objective on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. JMP Securities increased their target price on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Finally, Jefferies Financial Group assumed coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company. One 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, the company currently has a consensus rating of “Buy” and an average price target 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.