366,196 Shares in Life360, Inc. (NASDAQ:LIF) Acquired by Millennium Management LLC

Millennium Management LLC purchased a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 366,196 shares of the company's stock, valued at approximately $11,861,000. Millennium Management LLC owned 0.50% of Life360 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Regal Partners Ltd acquired a new position in Life360 in the second quarter valued at about $23,635,000. XY Capital Ltd acquired a new position in Life360 in the second quarter valued at about $205,000. Emerald Mutual Fund Advisers Trust acquired a new position in Life360 in the second quarter valued at about $5,488,000. Emerald Advisers LLC acquired a new position in Life360 in the second quarter valued at about $6,777,000. Finally, Point72 DIFC Ltd acquired a new position in Life360 in the second quarter valued at about $43,000.

Insider Buying and Selling

In other Life360 news, Director James Synge sold 33,617 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $37.04, for a total value of $1,245,173.68. Following the completion of the transaction, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Life360 news, Director James Synge sold 33,617 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $37.04, for a total value of $1,245,173.68. Following the completion of the transaction, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles J. Prober sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of the transaction, the director now owns 106,742 shares of the company's stock, valued at approximately $3,463,777.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,088 shares of company stock worth $2,672,781.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LIF. Evercore ISI raised Life360 to a "strong-buy" rating and set a $37.00 target price on the stock in a research note on Monday, June 17th. JMP Securities increased their price target on Life360 from $38.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, August 9th. Canaccord Genuity Group initiated coverage on Life360 in a report on Monday, June 17th. They issued a "buy" rating and a $40.00 price target for the company. Canaccord Genuity Group upgraded Life360 to a "strong-buy" rating in a report on Monday, June 17th. Finally, Jefferies Financial Group initiated coverage on Life360 in a report on Friday, August 9th. They issued a "buy" rating and a $43.00 price target for the company. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $39.75.

Life360 Stock Performance

Shares of NASDAQ:LIF traded down $0.63 during mid-day trading on Tuesday, reaching $40.95. 150,912 shares of the stock were exchanged, compared to its average volume of 266,115. Life360, Inc. has a one year low of $26.00 and a one year high of $42.16. The business's 50 day moving average price is $36.49.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. The business had revenue of $84.86 million during the quarter, compared to the consensus estimate of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. On average, research analysts predict that Life360, Inc. will post -0.29 earnings per share for the current fiscal year.

About Life360

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.