Y Intercept Hong Kong Ltd Acquires New Holdings in Life360, Inc. (NASDAQ:LIF)

Y Intercept Hong Kong Ltd bought a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 42,015 shares of the company's stock, valued at approximately $1,653,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of Life360 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. bought a new position in Life360 during the 3rd quarter worth approximately $3,876,000. XTX Topco Ltd bought a new stake in shares of Life360 in the third quarter valued at about $280,000. Jane Street Group LLC lifted its position 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 purchasing an additional 32,182 shares during the period. State Street Corp acquired a new position in Life360 during the third quarter worth about $2,393,000. Finally, MetLife Investment Management LLC acquired a new position in Life360 during the third quarter worth about $139,000. Institutional investors and hedge funds own 20.00% of the company's stock.

Insider Transactions at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total value of $136,482.88. Following the completion of the transaction, the chief financial officer now directly owns 158,066 shares of the company's stock, valued at approximately $6,950,162.02. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Chris Hulls sold 556,569 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the transaction, the chief executive officer now directly owns 952,696 shares of the company's stock, valued at $39,079,589.92. The trade was a 36.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 629,673 shares of company stock valued at $25,855,843.

Life360 Stock Down 0.3 %

NASDAQ LIF traded down $0.11 on Wednesday, reaching $43.52. 244,381 shares of the stock traded hands, compared to its average volume of 317,129. The stock's fifty day simple moving average is $44.65. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.76.

Analysts Set New Price Targets

LIF has been the topic of a number of research analyst reports. JMP Securities increased their price target on Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Thursday, November 14th. UBS Group raised their target price on Life360 from $35.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Canaccord Genuity Group lifted their price target on Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Finally, Loop Capital boosted their target price on Life360 from $36.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $47.00.

Life360 Company 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.