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

Life360’s (NASDAQ:LIF) lock-up period will end on Tuesday, December 3rd. Life360 had issued 5,750,000 shares in its initial public offering on June 6th. The total size of the offering was $155,250,000 based on an initial share price of $27.00. After the expiration of Life360’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LIF shares. Stifel Nicolaus upped their price target 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. UBS Group upped their price target 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 upped their price target on shares of 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 upped their price target on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Jefferies Financial Group started coverage on shares of Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price target on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $44.75.

Life360 Price Performance

NASDAQ:LIF opened at $43.41 on Tuesday. Life360 has a 1 year low of $26.00 and a 1 year high of $48.90. The firm has a 50 day moving average price of $42.22.

Insider Activity at Life360

In other news, CEO Chris Hulls sold 556,569 shares of Life360 stock in a transaction on Friday, November 15th. The shares were 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 directly owns 952,696 shares of the company’s stock, valued at $39,079,589.92. This trade represents a 36.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the transaction, the director now directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. This represents a 27.26 % decrease in their ownership of the stock. 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 quarter.

Hedge Funds Weigh In On Life360

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Emerald Advisers LLC acquired a new stake in Life360 in the 2nd quarter valued at about $6,777,000. Millennium Management LLC acquired a new stake in Life360 in the 2nd quarter valued at about $11,861,000. Regal Partners Ltd acquired a new stake in Life360 in the 2nd quarter valued at about $23,635,000. Ghisallo Capital Management LLC acquired a new stake in Life360 in the 2nd quarter valued at about $8,098,000. Finally, Ausbil Investment Management Ltd acquired a new stake in Life360 in the 3rd quarter valued at about $2,749,000.

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.