Hodges Capital Management Inc. Has $4.81 Million Position in Life360, Inc. (NASDAQ:LIF)

Hodges Capital Management Inc. grew its stake in Life360, Inc. (NASDAQ:LIF - Free Report) by 18.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,493 shares of the company's stock after purchasing an additional 18,000 shares during the period. Hodges Capital Management Inc. owned approximately 0.16% of Life360 worth $4,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Wealthstream Advisors Inc. acquired a new position in Life360 during the 3rd quarter worth $35,538,000. Millennium Management LLC acquired a new position in Life360 in the second quarter valued at $11,861,000. Lord Abbett & CO. LLC purchased a new stake in shares of Life360 in the third quarter valued at about $7,995,000. Geode Capital Management LLC purchased a new position in shares of Life360 during the third quarter worth about $5,134,000. Finally, Franklin Resources Inc. purchased a new stake in Life360 during the 3rd quarter valued at approximately $4,689,000. Hedge funds and other institutional investors own 20.00% of the company's stock.

Insider Buying and Selling at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction that occurred on Friday, January 24th. The stock was 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 $6,958,712.12. The trade was a 2.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Chris Hulls sold 556,569 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 952,696 shares of the company's stock, valued at approximately $39,079,589.92. The trade was a 36.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 638,985 shares of company stock valued at $26,262,250.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Canaccord Genuity Group boosted their target price on Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. JMP Securities increased their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Thursday, November 14th. UBS Group upgraded Life360 from a "neutral" rating to a "buy" rating and lifted their target price for the company from $52.00 to $55.00 in a report on Friday, January 17th. Finally, Stifel Nicolaus raised their target price on shares of Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $47.63.

Life360 Stock Up 0.5 %

Shares of NASDAQ:LIF traded up $0.23 on Wednesday, reaching $46.18. 147,341 shares of the company's stock were exchanged, compared to its average volume of 219,837. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76. The business's 50-day moving average is $44.50 and its two-hundred day moving average is $41.00.

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.