Trexquant Investment LP Makes New $901,000 Investment in Life360, Inc. (NASDAQ:LIF)

Trexquant Investment LP bought a new stake in Life360, Inc. (NASDAQ:LIF - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 21,830 shares of the company's stock, valued at approximately $901,000.

Several other institutional investors have also recently bought and sold shares of LIF. Franklin Resources Inc. increased its stake in shares of Life360 by 402.9% in the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after purchasing an additional 432,292 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Life360 in the third quarter valued at approximately $7,995,000. Swiss National Bank acquired a new stake in shares of Life360 in the fourth quarter worth $5,717,000. Geode Capital Management LLC acquired a new position in Life360 during the 3rd quarter valued at $5,134,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Life360 by 1,007.8% during the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock worth $5,397,000 after purchasing an additional 118,974 shares during the period. Institutional investors own 20.00% of the company's stock.

Insider Activity at Life360

In related news, Director Charles J. Prober sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the completion of the sale, the director now directly owns 102,742 shares of the company's stock, valued at approximately $4,265,847.84. This represents a 32.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $34.39, for a total transaction of $106,746.56. Following the completion of the transaction, the chief financial officer now owns 208,395 shares of the company's stock, valued at $7,166,704.05. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,314 shares of company stock worth $7,029,291 in the last quarter.

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Analysts Set New Price Targets

Separately, UBS Group raised shares of Life360 from a "neutral" rating to a "buy" rating and boosted their price target for the company from $52.00 to $55.00 in a report on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $47.63.

Life360 Stock Down 0.2 %

NASDAQ LIF traded down $0.07 on Wednesday, hitting $36.95. 28,418 shares of the company were exchanged, compared to its average volume of 378,285. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.77. The firm has a 50 day moving average of $40.63 and a two-hundred day moving average of $42.83.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Life360 Profile

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.