KLP Kapitalforvaltning AS Makes New $615,000 Investment in Life360, Inc. (NASDAQ:LIF)

KLP Kapitalforvaltning AS purchased a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 14,900 shares of the company's stock, valued at approximately $615,000.

Several other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund purchased a new stake in Life360 in the fourth quarter valued at approximately $25,000. BNP Paribas Financial Markets purchased a new stake in shares of Life360 during the 3rd quarter valued at $98,000. MetLife Investment Management LLC purchased a new stake in shares of Life360 during the 3rd quarter valued at $139,000. KBC Group NV bought a new stake in shares of Life360 during the 4th quarter worth $147,000. Finally, First Dallas Securities Inc. purchased a new position in Life360 in the third quarter worth $273,000. Institutional investors own 20.00% of the company's stock.

Life360 Stock Performance

Life360 stock traded up $0.41 during mid-day trading on Monday, hitting $32.19. The company's stock had a trading volume of 926,254 shares, compared to its average volume of 373,239. The business has a 50 day moving average price of $42.40 and a 200-day moving average price of $43.11. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The firm had revenue of $115.53 million for the quarter, compared to the consensus estimate of $114.39 million. Research analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

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Analyst Upgrades and Downgrades

Separately, UBS Group raised Life360 from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $47.63.

Insiders Place Their Bets

In related news, Director Charles J. Prober sold 50,000 shares of the business'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 value of $2,076,000.00. Following the completion of the transaction, the director now directly owns 102,742 shares in the company, valued at $4,265,847.84. The trade was a 32.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction 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 completion of the transaction, 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 quarter, insiders have sold 167,814 shares of company stock worth $7,038,344.

Life360 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.