Life360, Inc. (NASDAQ:LIF) Director Sells $2,035,000.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 50,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 76,272 shares in the company, valued at $3,104,270.40. This represents a 39.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mark Goines also recently made the following trade(s):

• On Monday, November 25th, Mark Goines sold 10,000 shares of Life360 stock. The shares were sold at an average price of $43.89, for a total value of $438,900.00.

Life360 Stock Up 6.7 %

Shares of Life360 stock traded up $2.92 during trading on Tuesday, hitting $46.33. The company’s stock had a trading volume of 638,926 shares, compared to its average volume of 291,162. The firm’s 50-day moving average is $42.47. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $48.90.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lifted 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. Jefferies Financial Group assumed 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. JMP Securities lifted their price objective on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. UBS Group upped 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. Finally, Loop Capital upped their target price on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $44.75.

Institutional Investors Weigh In On Life360

Several institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new position in shares of Life360 during the 2nd quarter worth $43,000. BNP Paribas Financial Markets bought a new stake in Life360 in the third quarter worth $98,000. MetLife Investment Management LLC purchased a new stake in Life360 during the third quarter valued at about $139,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Life360 in the second quarter worth about $192,000. Finally, SG Americas Securities LLC bought a new stake in shares of Life360 in the 3rd quarter valued at about $246,000.

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.