Arrowstreet Capital Limited Partnership Has $1.78 Million Position in Life360, Inc. (NASDAQ:LIF)

Arrowstreet Capital Limited Partnership increased its position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 403.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,058 shares of the company's stock after purchasing an additional 34,508 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.06% of Life360 worth $1,777,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. WealthPlan Investment Management LLC raised its holdings in shares of Life360 by 2.5% in the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company's stock worth $412,000 after buying an additional 247 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Life360 during the fourth quarter worth $25,000. Corebridge Financial Inc. raised its stake in Life360 by 64.0% during the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock worth $210,000 after acquiring an additional 1,987 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Life360 in the 3rd quarter valued at $98,000. Finally, SG Americas Securities LLC boosted its position in Life360 by 54.1% in the fourth quarter. SG Americas Securities LLC now owns 9,649 shares of the company's stock valued at $398,000 after buying an additional 3,386 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Life360 from a "neutral" rating to a "buy" rating and boosted their target price for the stock 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 given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $47.63.

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Insider Buying and Selling at Life360

In other news, Director John Philip Coghlan sold 3,125 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $37.86, for a total value of $118,312.50. Following the transaction, the director now directly owns 34,286 shares in the company, valued at $1,298,067.96. This trade represents a 8.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.78, for a total value of $145,205.12. Following the completion of the sale, the chief financial officer now owns 148,754 shares of the company's stock, valued at $6,958,712.12. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 168,314 shares of company stock worth $7,029,291.

Life360 Price Performance

Shares of LIF traded down $0.18 during mid-day trading on Wednesday, hitting $36.84. 21,192 shares of the company traded hands, compared to its average volume of 378,237. The business has a 50-day moving average of $40.63 and a 200 day moving average of $42.83. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm 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%. Sell-side analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

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.