Teacher Retirement System of Texas Purchases New Stake in Life360, Inc. (NASDAQ:LIF)

Teacher Retirement System of Texas bought a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,351 shares of the company's stock, valued at approximately $303,000.

Several other large investors also recently modified their holdings of the stock. Hodges Capital Management Inc. acquired a new position in shares of Life360 during the third quarter worth $3,876,000. FMR LLC increased its holdings in Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company's stock worth $59,817,000 after purchasing an additional 86,917 shares in the last quarter. State Street Corp bought a new position in Life360 in the third quarter valued at about $2,393,000. Cherrydale Wealth Management LLC acquired a new stake in shares of Life360 during the fourth quarter valued at about $340,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Life360 by 295.6% during the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company's stock worth $514,000 after purchasing an additional 9,754 shares during the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.78, for a total value of $145,205.12. Following the transaction, the chief financial officer now directly owns 148,754 shares of the company's stock, valued at approximately $6,958,712.12. This trade represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Susan L. Stick sold 2,822 shares of Life360 stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $42.08, for a total transaction of $118,749.76. Following the transaction, the general counsel now owns 86,752 shares of the company's stock, valued at $3,650,524.16. This represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 167,814 shares of company stock valued at $7,038,344.

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Analyst Ratings Changes

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

Life360 Stock Performance

Life360 stock traded down $4.97 during trading hours on Friday, reaching $31.78. 1,055,455 shares of the company's stock were exchanged, compared to its average volume of 370,580. The firm's 50 day simple moving average is $42.68 and its 200 day simple moving average is $43.13. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.77.

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

Life360 Company 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.