Life360, Inc.’s (NASDAQ:LIF) Lock-Up Period Set To Expire on December 3rd

Life360’s (NASDAQ:LIF) lock-up period will expire 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 major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

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

Life360 Trading Up 6.0 %

Shares of LIF stock opened at $43.41 on Tuesday. The company has a 50 day moving average of $42.22. Life360 has a twelve month low of $26.00 and a twelve month high of $48.90.

Insider Transactions at Life360

In other news, CEO Chris Hulls sold 556,569 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the sale, the chief executive officer now owns 952,696 shares of the company’s stock, valued at $39,079,589.92. This represents a 36.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Philip Coghlan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.50, for a total value of $415,000.00. Following the completion of the sale, the director now directly owns 41,628 shares of the company’s stock, valued at $1,727,562. The trade was a 19.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 643,657 shares of company stock valued at $25,918,241 over the last three months.

Institutional Trading of Life360

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in Life360 by 6.1% during the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares in the last quarter. Wealthstream Advisors Inc. bought a new position in shares of Life360 during the third quarter valued at approximately $35,538,000. Regal Partners Ltd bought a new position in shares of Life360 during the second quarter valued at approximately $23,635,000. Millennium Management LLC bought a new position in shares of Life360 during the second quarter valued at approximately $11,861,000. Finally, Ghisallo Capital Management LLC bought a new position in shares of Life360 during the second quarter valued at approximately $8,098,000.

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.