Jump Financial LLC Makes New Investment in Life360, Inc. (NASDAQ:LIF)

Jump Financial LLC bought a new position in Life360, Inc. (NASDAQ:LIF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 50,974 shares of the company's stock, valued at approximately $2,104,000. Jump Financial LLC owned about 0.07% of Life360 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. XTX Topco Ltd lifted its position in Life360 by 37.4% during the 4th quarter. XTX Topco Ltd now owns 9,760 shares of the company's stock valued at $403,000 after acquiring an additional 2,656 shares during the period. Barclays PLC raised its holdings in Life360 by 280.6% in the fourth quarter. Barclays PLC now owns 30,952 shares of the company's stock worth $1,278,000 after buying an additional 22,820 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after buying an additional 484 shares during the period. Renaissance Technologies LLC grew its position in Life360 by 187.8% during the fourth quarter. Renaissance Technologies LLC now owns 80,300 shares of the company's stock valued at $3,314,000 after buying an additional 52,400 shares during the period. Finally, Legal & General Group Plc grew its position in Life360 by 10,403.3% during the fourth quarter. Legal & General Group Plc now owns 61,234 shares of the company's stock valued at $2,527,000 after buying an additional 60,651 shares during the period. Institutional investors own 20.00% of the company's stock.

Insider Transactions at Life360

In related news, General Counsel Susan L. Stick sold 2,822 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the sale, the general counsel now owns 86,752 shares in the company, valued at approximately $3,650,524.16. The trade was a 3.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles J. Prober sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the completion of the sale, the director now directly owns 102,742 shares in the company, valued at approximately $4,265,847.84. This trade represents a 32.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,314 shares of company stock valued at $7,029,291 over the last ninety days.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LIF shares. Stifel Nicolaus cut their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday. UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and upped their price target for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $47.38.

Life360 Stock Performance

Shares of Life360 stock traded up $1.82 on Thursday, hitting $40.18. 84,115 shares of the company traded hands, compared to its average volume of 379,149. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.77. The stock's 50 day moving average price is $39.65 and its 200-day moving average price is $42.70.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The business 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, equities analysts forecast that Life360, Inc. will post -0.17 earnings per share 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.