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SAN MATEO, CA—Burke Russell John, the Chief Financial Officer of Life360 , Inc. (NASDAQ:LIF), has sold a portion of his holdings in the company, according to a recent SEC filing. On April 10, John sold a total of 3,104 shares of common stock at prices ranging from $34.36 to $35.03 per share, amounting to a total sale value of $106,737. The transaction comes as Life360 trades near $35 per share, with the stock showing strong momentum, having gained over 25% in the past year according to InvestingPro data.
The transactions were executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks. This plan was adopted by John on September 6, 2024, ensuring that the sales were conducted without the influence of any material nonpublic information.
In addition to the sales, John acquired 32,468 restricted stock units (RSUs) on April 9, which were granted at no cost. These RSUs are set to vest monthly over a four-year period, starting from January 1, 2025, contingent on his continued service with the company.
Following these transactions, John holds 208,395 shares of Life360, which include previously granted RSUs.
In other recent news, Life360 has maintained its Market Outperform rating with a consistent price target of $55, as highlighted by JMP Securities. The company has shown robust user growth, both domestically and internationally, contributing to its positive outlook. A notable development is the introduction of a pet GPS tracker as part of its Gold subscription, which analysts believe could drive higher subscription conversions. UBS has upgraded Life360 stock from Neutral to Buy, citing potential growth in advertising revenue and durable user growth as key drivers for upside. UBS projects a 34% upside to their new price target, with expectations that the company’s fiscal year 2026 revenue will exceed consensus estimates by 4.5%. Additionally, Life360 has appointed Vari Bindra as its new Chief Information Security Officer to strengthen its commitment to security and privacy. Bindra brings a wealth of experience from his previous roles at Amazon (NASDAQ:AMZN) and Intuit (NASDAQ:INTU), aiming to enhance Life360’s digital security strategy. These developments come as Life360 continues to focus on expanding its market opportunities, including potential ventures into elder care services and advertising.
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