Quantbot Technologies LP Purchases Shares of 19,703 Life360, Inc. (NASDAQ:LIF)

Quantbot Technologies LP bought a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,703 shares of the company's stock, valued at approximately $813,000.

A number of other large investors have also bought and sold shares of the business. New York State Common Retirement Fund acquired a new stake in shares of Life360 in the fourth quarter valued at about $25,000. BNP Paribas Financial Markets acquired a new position in shares of Life360 during the 3rd quarter worth approximately $98,000. MetLife Investment Management LLC bought a new stake in shares of Life360 during the 3rd quarter worth approximately $139,000. KBC Group NV acquired a new stake in shares of Life360 in the 4th quarter valued at approximately $147,000. Finally, First Dallas Securities Inc. bought a new position in shares of Life360 in the third quarter valued at $273,000. 20.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Life360

In related news, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $42.74, for a total transaction of $132,664.96. Following the sale, the chief financial officer now directly owns 151,858 shares of the company's stock, valued at approximately $6,490,410.92. The trade was a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles J. Prober sold 50,000 shares of the 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 transaction, the director now directly owns 102,742 shares of the company's stock, valued at approximately $4,265,847.84. The trade was a 32.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 159,189 shares of company stock valued at $6,708,942.

Remove Ads

Life360 Trading Down 0.8 %

LIF traded down $0.32 on Friday, hitting $38.63. 402,843 shares of the stock were exchanged, compared to its average volume of 365,505. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77. The business has a 50-day moving average of $43.55 and a two-hundred day moving average of $43.03.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm 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%. Analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LIF has been the topic of a number of research analyst reports. Canaccord Genuity Group upped their target price on shares of Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a report on Monday, December 2nd. UBS Group upgraded Life360 from a "neutral" rating to a "buy" rating and upped their price objective for the company 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $47.63.

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.