Yorktown Management & Research Co Inc Invests $371,000 in Life360, Inc. (NASDAQ:LIF)

Yorktown Management & Research Co Inc bought a new stake 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 bought 9,000 shares of the company's stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LIF. BNP Paribas Financial Markets acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $98,000. MetLife Investment Management LLC acquired a new position in Life360 in the third quarter valued at about $139,000. KBC Group NV bought a new stake in shares of Life360 in the fourth quarter worth about $147,000. SG Americas Securities LLC bought a new position in shares of Life360 during the third quarter worth about $246,000. Finally, First Dallas Securities Inc. bought a new position in Life360 in the third quarter valued at approximately $273,000. Institutional investors and hedge funds own 20.00% of the company's stock.

Life360 Trading Up 0.5 %

LIF stock traded up $0.23 during midday trading on Wednesday, reaching $46.18. The stock had a trading volume of 147,341 shares, compared to its average volume of 219,837. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.76. The company's fifty day simple moving average is $44.50 and its 200 day simple moving average is $41.00.

Analysts Set New Price Targets

Several equities analysts have weighed in on LIF shares. JMP Securities lifted their price objective on Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a report on Thursday, November 14th. Canaccord Genuity Group upped 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. UBS Group upgraded Life360 from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Finally, Stifel Nicolaus boosted their price target on shares of Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Life360 currently has an average rating of "Buy" and an average price target of $47.63.

Insider Transactions at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12. Following the completion of the sale, the chief financial officer now owns 148,754 shares in the company, valued at $6,958,712.12. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chris Hulls sold 556,569 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 952,696 shares in the company, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 638,985 shares of company stock valued at $26,262,250.

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.