Swiss National Bank Takes $5.72 Million Position in Life360, Inc. (NASDAQ:LIF)

Swiss National Bank acquired a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 138,535 shares of the company's stock, valued at approximately $5,717,000. Swiss National Bank owned approximately 0.19% of Life360 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Lord Abbett & CO. LLC bought a new position in shares of Life360 in the third quarter valued at about $7,995,000. Geode Capital Management LLC acquired a new stake in Life360 in the 3rd quarter valued at about $5,134,000. Bank of New York Mellon Corp raised its stake in shares of Life360 by 1,007.8% in the fourth quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock worth $5,397,000 after acquiring an additional 118,974 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Life360 in the third quarter worth about $4,689,000. Finally, Ieq Capital LLC acquired a new position in shares of Life360 during the fourth quarter worth approximately $4,340,000. Institutional investors own 20.00% of the company's stock.

Insider Activity

In other news, Director Charles J. Prober sold 50,000 shares of Life360 stock in a transaction 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 transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $39.35, for a total transaction of $122,142.40. Following the completion of the sale, the chief financial officer now owns 181,857 shares of the company's stock, valued at approximately $7,156,072.95. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,689 shares of company stock valued at $6,688,812 in the last ninety days.

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Life360 Stock Performance

Shares of Life360 stock traded down $0.93 on Thursday, hitting $38.95. 348,390 shares of the company's stock traded hands, compared to its average volume of 359,424. The firm's 50-day moving average price is $43.68 and its two-hundred day moving average price is $42.88. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last released 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). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. As a group, equities research analysts predict that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

LIF has been the subject of a number of research reports. Canaccord Genuity Group raised their price target 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 increased their price objective for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target 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.