Mark Goines Sells 10,000 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 10,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.89, for a total transaction of $438,900.00. Following the completion of the sale, the director now directly owns 66,272 shares in the company, valued at approximately $2,908,678.08. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, November 22nd, Mark Goines sold 50,000 shares of Life360 stock. The stock was sold at an average price of $40.70, for a total transaction of $2,035,000.00.

Life360 Price Performance

Shares of Life360 stock opened at $49.45 on Thursday. The firm has a fifty day simple moving average of $42.78. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $49.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. 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 on the stock. UBS Group lifted their price target on Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JMP Securities upped their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Stifel Nicolaus lifted their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Loop Capital raised their price objective on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $44.75.

Institutional Trading of Life360

Several institutional investors have recently added to or reduced their stakes in the business. Regal Partners Ltd purchased a new stake in Life360 during the 2nd quarter valued at about $23,635,000. XY Capital Ltd purchased a new position in Life360 in the 2nd quarter worth approximately $205,000. Emerald Mutual Fund Advisers Trust bought a new stake in Life360 in the second quarter valued at approximately $5,488,000. Emerald Advisers LLC purchased a new stake in shares of Life360 during the second quarter valued at approximately $6,777,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Life360 in the second quarter worth $43,000.

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.