Life360, Inc. (NASDAQ:LIF) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 83.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,651 shares of the company's stock after buying an additional 5,762 shares during the quarter. Rhumbline Advisers' holdings in Life360 were worth $522,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. FMR LLC raised its stake in Life360 by 6.1% during the third quarter. FMR LLC now owns 1,520,135 shares of the company's stock worth $59,817,000 after purchasing an additional 86,917 shares during the period. Wealthstream Advisors Inc. purchased a new position in shares of Life360 in the 3rd quarter worth $35,538,000. Lord Abbett & CO. LLC acquired a new position in Life360 in the third quarter valued at $7,995,000. Geode Capital Management LLC purchased a new stake in Life360 during the third quarter valued at about $5,134,000. Finally, Jane Street Group LLC increased its stake in Life360 by 35.2% during the third quarter. Jane Street Group LLC now owns 123,507 shares of the company's stock worth $4,860,000 after acquiring an additional 32,182 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JMP Securities lifted their price objective on Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a research note on Thursday, November 14th. UBS Group raised shares of Life360 from a "neutral" rating to a "buy" rating and lifted their price target for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, Canaccord Genuity Group increased their price objective on shares of Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. 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, Life360 has a consensus rating of "Buy" and an average target price of $47.63.

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Insider Activity

In related news, General Counsel Susan L. Stick sold 2,822 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $42.08, for a total transaction of $118,749.76. Following the transaction, the general counsel now owns 86,752 shares in the company, valued at $3,650,524.16. This trade represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles J. Prober sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total value of $2,076,000.00. Following the completion of the sale, the director now owns 102,742 shares of the company's stock, valued at $4,265,847.84. This trade represents a 32.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,539 shares of company stock valued at $5,281,703.

Life360 Stock Performance

Shares of Life360 stock traded down $0.32 during trading on Wednesday, reaching $40.40. The company had a trading volume of 375,835 shares, compared to its average volume of 288,945. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76. The firm's fifty day moving average is $44.03 and its 200-day moving average is $42.76.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results 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). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The business had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. Equities analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Life360 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.