Legal & General Group Plc Raises Stake in Life360, Inc. (NASDAQ:LIF)

Legal & General Group Plc raised its stake in Life360, Inc. (NASDAQ:LIF - Free Report) by 10,403.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,234 shares of the company's stock after acquiring an additional 60,651 shares during the period. Legal & General Group Plc owned approximately 0.08% of Life360 worth $2,527,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. WealthPlan Investment Management LLC increased its stake in Life360 by 2.5% in the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company's stock worth $412,000 after acquiring an additional 247 shares during the last quarter. New York State Common Retirement Fund bought a new stake in Life360 in the fourth quarter worth $25,000. Corebridge Financial Inc. raised its stake in Life360 by 64.0% during the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock valued at $210,000 after purchasing an additional 1,987 shares in the last quarter. SG Americas Securities LLC lifted its position in Life360 by 54.1% during the fourth quarter. SG Americas Securities LLC now owns 9,649 shares of the company's stock valued at $398,000 after purchasing an additional 3,386 shares during the last quarter. Finally, First Dallas Securities Inc. grew its stake in shares of Life360 by 50.4% in the 4th quarter. First Dallas Securities Inc. now owns 10,450 shares of the company's stock worth $431,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Susan L. Stick sold 2,822 shares of Life360 stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the transaction, the general counsel now owns 86,752 shares of the company's stock, valued at $3,650,524.16. The trade was a 3.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Russell John Burke sold 3,104 shares of the stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $34.39, for a total transaction of $106,746.56. Following the sale, the chief financial officer now directly owns 208,395 shares of the company's stock, valued at $7,166,704.05. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,210 shares of company stock worth $6,884,086 in the last ninety days.

Life360 Stock Performance

LIF stock traded up $0.19 during midday trading on Friday, reaching $40.14. The company's stock had a trading volume of 311,767 shares, compared to its average volume of 379,745. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $52.77. The stock has a fifty day simple moving average of $39.38 and a two-hundred day simple moving average of $42.69.

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

Analyst Ratings Changes

A number of brokerages recently commented on LIF. Stifel Nicolaus lowered their price target on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and raised their price objective for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Life360 has a consensus rating of "Buy" and an average price target of $47.38.

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.