Marshall Wace LLP Purchases 190,422 Shares of Life360, Inc. (NASDAQ:LIF)

Marshall Wace LLP boosted its position in Life360, Inc. (NASDAQ:LIF - Free Report) by 86.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 411,326 shares of the company's stock after acquiring an additional 190,422 shares during the period. Marshall Wace LLP owned 0.55% of Life360 worth $16,975,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in shares of Life360 during the fourth quarter worth $2,104,000. XTX Topco Ltd boosted its stake in Life360 by 37.4% during the 4th quarter. XTX Topco Ltd now owns 9,760 shares of the company's stock worth $403,000 after acquiring an additional 2,656 shares during the last quarter. Barclays PLC grew its holdings in Life360 by 280.6% during the fourth quarter. Barclays PLC now owns 30,952 shares of the company's stock valued at $1,278,000 after purchasing an additional 22,820 shares during the period. Summit Investment Advisors Inc. increased its stake in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Life360 by 187.8% during the fourth quarter. Renaissance Technologies LLC now owns 80,300 shares of the company's stock worth $3,314,000 after purchasing an additional 52,400 shares in the last quarter. 20.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LIF. Stifel Nicolaus reduced their target price on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and increased their target price for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Life360 has a consensus rating of "Buy" and an average price target of $47.38.

Insiders Place Their Bets

In other news, General Counsel Susan L. Stick sold 2,822 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the sale, the general counsel now directly owns 86,752 shares of the company's stock, valued at approximately $3,650,524.16. This represents a 3.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.94, for a total value of $139,493.76. Following the transaction, the chief financial officer now owns 145,650 shares of the company's stock, valued at $6,545,511. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 165,210 shares of company stock valued at $6,884,086.

Life360 Stock Up 0.5 %

LIF stock traded up $0.19 during midday trading on Friday, hitting $40.14. The company's stock had a trading volume of 311,767 shares, compared to its average volume of 379,745. The company's fifty day moving average price is $39.38 and its 200 day moving average price is $42.68. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.77.

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