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

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

Analysts Set New Price Targets

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

Life360 Stock Performance

Life360 stock opened at $49.45 on Thursday. Life360 has a 12 month low of $26.00 and a 12 month high of $49.50. The company has a 50 day moving average price of $42.78.

Insider Buying and Selling at Life360

In other Life360 news, Director Mark Goines sold 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.89, for a total transaction of $438,900.00. Following the transaction, the director now owns 66,272 shares in the company, valued at $2,908,678.08. This represents a 13.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Chris Hulls sold 556,569 shares of the 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 transaction, the chief executive officer now owns 952,696 shares in the company, valued at approximately $39,079,589.92. The trade was a 36.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 703,657 shares of company stock valued at $28,392,141 in the last ninety days.

Institutional Investors Weigh In On Life360

A number of large investors have recently added to or reduced their stakes in LIF. Point72 DIFC Ltd acquired a new stake in shares of Life360 during the 2nd quarter worth $43,000. BNP Paribas Financial Markets acquired a new stake in shares of Life360 during the 3rd quarter worth $98,000. MetLife Investment Management LLC acquired a new stake in Life360 during the third quarter worth about $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 during the second quarter worth about $192,000. Finally, XY Capital Ltd acquired a new stake in Life360 during 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.