Charles Schwab Investment Management Inc. Buys New Stake in Life360, Inc. (NASDAQ:LIF)

Charles Schwab Investment Management Inc. bought a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,907 shares of the company's stock, valued at approximately $547,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 DIFC Ltd bought a new stake in Life360 during the second quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Life360 during the 2nd quarter valued at approximately $192,000. SG Americas Securities LLC purchased a new stake in Life360 during the 3rd quarter valued at $246,000. XY Capital Ltd bought a new stake in Life360 in the second quarter worth $205,000. Finally, WealthPlan Investment Management LLC boosted its stake in Life360 by 8.2% during the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company's stock worth $383,000 after buying an additional 738 shares during the period. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Trading Up 1.5 %

NASDAQ:LIF traded up $0.63 during trading hours on Thursday, reaching $42.06. The company had a trading volume of 455,453 shares, compared to its average volume of 319,147. The stock has a 50 day moving average price of $44.95. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76.

Insider Transactions at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total value of $136,482.88. Following the completion of the sale, the chief financial officer now directly owns 158,066 shares in the company, valued at $6,950,162.02. This represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Goines sold 50,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $40.70, for a total transaction of $2,035,000.00. Following the completion of the sale, the director now directly owns 76,272 shares of the company's stock, valued at $3,104,270.40. This represents a 39.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 629,673 shares of company stock valued at $25,855,843 in the last three months.

Analyst Upgrades and Downgrades

LIF has been the topic of a number of recent analyst reports. UBS Group increased their target price 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 lifted their target price on Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, October 28th. JMP Securities boosted their price target on shares of Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a report on Thursday, November 14th. Canaccord Genuity Group increased their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Finally, Loop Capital lifted their price objective on shares of Life360 from $36.00 to $43.00 and gave the company 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $47.00.

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.