Regal Partners Ltd Has $15.56 Million Holdings in Life360, Inc. (NASDAQ:LIF)

Regal Partners Ltd lessened its stake in Life360, Inc. (NASDAQ:LIF - Free Report) by 45.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 395,407 shares of the company's stock after selling 334,297 shares during the quarter. Life360 makes up 1.4% of Regal Partners Ltd's holdings, making the stock its 20th biggest position. Regal Partners Ltd owned about 0.53% of Life360 worth $15,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Life360 by 0.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company's stock valued at $6,697,000 after buying an additional 736 shares during the last quarter. WealthPlan Investment Management LLC raised its stake in Life360 by 8.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company's stock valued at $383,000 after acquiring an additional 738 shares during the period. Point72 DIFC Ltd bought a new stake in Life360 in the 2nd quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Life360 in the 2nd quarter valued at $192,000. Finally, SG Americas Securities LLC bought a new stake in Life360 in the 3rd quarter valued at $246,000.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus increased their price target on Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Loop Capital increased their price target on Life360 from $36.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. UBS Group increased their price target on Life360 from $35.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. JMP Securities increased their price target on Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a research note on Thursday. Finally, Jefferies Financial Group assumed coverage on Life360 in a research report on Friday, August 9th. They set a "buy" rating and a $43.00 price objective on the stock. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $44.75.

Life360 Stock Performance

Shares of LIF traded down $0.27 during trading hours on Thursday, hitting $43.88. 209,772 shares of the company were exchanged, compared to its average volume of 251,948. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $48.90. The business's fifty day simple moving average is $41.02.

Insider Transactions at Life360

In related news, Director James Synge sold 33,617 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 291,944 shares of the company's stock, valued at $10,813,605.76. This trade represents a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles J. Prober sold 40,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. This trade represents a 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,088 shares of company stock valued at $2,672,781.

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.