Geode Capital Management LLC Buys New Stake in Life360, Inc. (NASDAQ:LIF)

Geode Capital Management LLC acquired a new position in Life360, Inc. (NASDAQ:LIF - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 130,458 shares of the company's stock, valued at approximately $5,134,000. Geode Capital Management LLC owned about 0.18% of Life360 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its stake in Life360 by 6.1% during 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. Wealthstream Advisors Inc. purchased a new position in shares of Life360 in the 3rd quarter valued at about $35,538,000. Millennium Management LLC acquired a new position in shares of Life360 during the second quarter worth about $11,861,000. Ghisallo Capital Management LLC purchased a new stake in shares of Life360 during the second quarter worth approximately $8,098,000. Finally, Emerald Advisers LLC raised its holdings in Life360 by 6.0% in the third quarter. Emerald Advisers LLC now owns 221,679 shares of the company's stock valued at $8,723,000 after acquiring an additional 12,458 shares in the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Price Performance

NASDAQ:LIF traded up $0.65 during mid-day trading on Friday, reaching $42.54. The stock had a trading volume of 166,836 shares, compared to its average volume of 167,368. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76. The business has a 50 day simple moving average of $44.50 and a 200 day simple moving average of $39.22.

Wall Street Analysts Forecast Growth

LIF has been the subject of several analyst reports. Stifel Nicolaus boosted their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, October 28th. UBS Group upped their price target on shares of Life360 from $35.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Canaccord Genuity Group raised their price objective on shares of Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Finally, JMP Securities upped their target price 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. One 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. Based on data from MarketBeat.com, Life360 has an average rating of "Buy" and a consensus target price of $47.00.

Insider Transactions at Life360

In other news, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total transaction of $136,482.88. Following the completion of the transaction, the chief financial officer now owns 158,066 shares of the company's stock, valued at $6,950,162.02. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark Goines sold 50,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was 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 owns 76,272 shares in the company, valued at $3,104,270.40. This represents a 39.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 632,777 shares of company stock valued at $25,984,380.

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.