Franklin Resources Inc. Buys Shares of 107,300 Life360, Inc. (NASDAQ:LIF)

Franklin Resources Inc. acquired a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 107,300 shares of the company's stock, valued at approximately $4,689,000. Franklin Resources Inc. owned approximately 0.14% of Life360 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust raised its position in shares of Life360 by 0.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company's stock worth $6,697,000 after purchasing an additional 736 shares during the period. WealthPlan Investment Management LLC increased its stake in Life360 by 8.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company's stock worth $383,000 after purchasing an additional 738 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Life360 during the 2nd quarter worth approximately $43,000. BNP Paribas Financial Markets bought a new position in Life360 in the third quarter valued at approximately $98,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Life360 in the third quarter valued at approximately $139,000. 20.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LIF has been the topic of several recent research reports. JMP Securities lifted their price target on Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a research note on Thursday, November 14th. Canaccord Genuity Group lifted their target price on Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Stifel Nicolaus upped their price target on Life360 from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, UBS Group raised their price target on shares of Life360 from $35.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $47.00.

Life360 Trading Up 0.2 %

NASDAQ LIF traded up $0.10 on Tuesday, hitting $42.13. 52,286 shares of the stock were exchanged, compared to its average volume of 661,927. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76. The business has a fifty day simple moving average of $44.88.

Insider Buying and Selling at Life360

In other news, CEO Chris Hulls sold 556,569 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the transaction, the chief executive officer now directly owns 952,696 shares of the company's stock, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Philip Coghlan sold 10,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.50, for a total value of $415,000.00. Following the completion of the transaction, the director now owns 41,628 shares in the company, valued at $1,727,562. The trade was a 19.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 629,673 shares of company stock valued at $25,855,843 in the last quarter.

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.