Oregon Public Employees Retirement Fund purchased a new position in Life360, Inc. (NASDAQ:LIF – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,900 shares of the company’s stock, valued at approximately $731,000.
A number of other hedge funds have also recently added to or reduced their stakes in LIF. Geode Capital Management LLC raised its position in shares of Life360 by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock worth $74,372,000 after purchasing an additional 85,857 shares during the period. State Street Corp grew its position in Life360 by 17.3% in the 4th quarter. State Street Corp now owns 905,153 shares of the company’s stock valued at $58,057,000 after purchasing an additional 133,722 shares during the period. Franklin Resources Inc. grew its position in Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after purchasing an additional 352,110 shares during the period. Norges Bank bought a new stake in Life360 during the 4th quarter valued at $47,097,000. Finally, Federated Hermes Inc. increased its stake in Life360 by 31.7% during the 4th quarter. Federated Hermes Inc. now owns 588,182 shares of the company’s stock valued at $37,726,000 after purchasing an additional 141,438 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.
Insider Transactions at Life360
In related news, Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $56.07, for a total transaction of $224,280.00. Following the transaction, the director directly owned 24,431 shares in the company, valued at approximately $1,369,846.17. The trade was a 14.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $46.07, for a total transaction of $365,335.10. Following the transaction, the director owned 109,911 shares in the company, valued at approximately $5,063,599.77. This trade represents a 6.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 75,827 shares of company stock worth $3,469,849. 6.80% of the stock is owned by insiders.
Life360 Price Performance
Analysts Set New Price Targets
LIF has been the topic of a number of recent research reports. DA Davidson raised their price objective on shares of Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a research report on Tuesday, May 12th. Bank of America began coverage on shares of Life360 in a report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 target price on the stock. Evercore set a $68.00 price target on shares of Life360 in a research report on Tuesday, May 12th. Finally, Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.98.
Check Out Our Latest Analysis on Life360
About Life360
Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.
The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.
See Also
- Five stocks we like better than Life360
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Want to see what other hedge funds are holding LIF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Life360, Inc. (NASDAQ:LIF – Free Report).
Receive News & Ratings for Life360 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life360 and related companies with MarketBeat.com's FREE daily email newsletter.
