12,995 Shares in Life360, Inc. (NASDAQ:LIF) Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. purchased a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 12,995 shares of the company's stock, valued at approximately $536,000.

Other institutional investors have also modified their holdings of the company. ExodusPoint Capital Management LP purchased a new position in shares of Life360 during the 4th quarter worth approximately $3,945,000. Trexquant Investment LP purchased a new position in Life360 during the fourth quarter worth $901,000. Geode Capital Management LLC raised its holdings in shares of Life360 by 39.2% in the fourth quarter. Geode Capital Management LLC now owns 181,587 shares of the company's stock worth $7,494,000 after acquiring an additional 51,129 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Life360 by 402.9% in the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after acquiring an additional 432,292 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Life360 by 403.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 43,058 shares of the company's stock valued at $1,777,000 after acquiring an additional 34,508 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Life360 Price Performance

LIF stock traded up $0.19 during trading on Friday, reaching $40.14. 311,767 shares of the stock traded hands, compared to its average volume of 379,745. The business's 50 day moving average price is $39.38 and its 200-day moving average price is $42.69. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 4.03% and a negative net margin of 4.72%. As a group, research analysts predict that Life360, Inc. will post -0.17 EPS for the current year.

Insider Activity

In related news, General Counsel Susan L. Stick sold 2,822 shares of Life360 stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the completion of the transaction, the general counsel now directly owns 86,752 shares in the company, valued at approximately $3,650,524.16. This trade represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles J. Prober sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total value of $2,076,000.00. Following the sale, the director now directly owns 102,742 shares in the company, valued at approximately $4,265,847.84. This represents a 32.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,210 shares of company stock worth $6,884,086 over the last 90 days.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LIF. Stifel Nicolaus reduced their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday. UBS Group raised shares of 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, Life360 presently has an average rating of "Buy" and an average price target of $47.38.

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.