Wealthstream Advisors Inc. Buys Shares of 903,131 Life360, Inc. (NASDAQ:LIF)

Wealthstream Advisors Inc. bought a new stake in Life360, Inc. (NASDAQ:LIF - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 903,131 shares of the company's stock, valued at approximately $35,538,000. Life360 makes up 6.5% of Wealthstream Advisors Inc.'s holdings, making the stock its 5th biggest position. Wealthstream Advisors Inc. owned approximately 1.22% of Life360 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in Life360 during the 2nd quarter worth about $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 in the second quarter valued at $192,000. XY Capital Ltd purchased a new stake in Life360 during the 2nd quarter worth about $205,000. SG Americas Securities LLC purchased a new stake in shares of Life360 in the 3rd quarter valued at about $246,000. Finally, WealthPlan Investment Management LLC raised its position 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 purchasing an additional 738 shares during the last quarter.

Life360 Stock Performance

Shares of NASDAQ LIF traded down $0.08 during trading hours on Thursday, hitting $44.07. 170,161 shares of the company's stock were exchanged, compared to its average volume of 251,594. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $48.90. The firm has a 50-day moving average of $41.02.

Insider Buying and Selling at Life360

In other news, 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 transaction, the director now owns 106,742 shares of the company's stock, valued at approximately $3,463,777.90. This trade represents a 27.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Life360 news, Director James Synge sold 3,471 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the transaction, the director now directly owns 67,102 shares of the company's stock, valued at $2,505,588.68. This represents a 4.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the sale, the director now owns 106,742 shares of the company's stock, valued at approximately $3,463,777.90. This represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,088 shares of company stock worth $2,672,781 over the last ninety days.

Wall Street Analysts Forecast Growth

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

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.