Maryland State Retirement & Pension System Buys New Holdings in Life360, Inc. $LIF

Maryland State Retirement & Pension System purchased a new position in shares of Life360, Inc. (NASDAQ:LIFFree Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,443 shares of the company’s stock, valued at approximately $467,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LIF. Principal Financial Group Inc. increased its holdings in shares of Life360 by 455.0% during the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock valued at $18,918,000 after acquiring an additional 379,941 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of Life360 in the 1st quarter worth $776,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Life360 in the 1st quarter valued at $791,000. Fifth Third Bancorp bought a new stake in Life360 during the 1st quarter valued at $700,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in Life360 during the first quarter worth $731,000. Institutional investors own 20.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on LIF shares. Evercore set a $68.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 price target on Life360 in a research note on Tuesday, May 12th. Citigroup raised their target price on Life360 from $60.15 to $66.65 and gave the company a “buy” rating in a report on Monday, July 6th. DA Davidson lifted their target price on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. Finally, Macquarie Infrastructure began coverage on Life360 in a report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Life360 currently has an average rating of “Moderate Buy” and an average price target of $64.65.

Check Out Our Latest Research Report on LIF

Life360 Price Performance

Shares of NASDAQ LIF opened at $55.17 on Friday. The company has a market capitalization of $4.47 billion, a PE ratio of 31.89 and a beta of 2.34. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $47.56 and its 200-day moving average price is $49.17. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54.

Insiders Place Their Bets

In other news, Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $56.07, for a total transaction of $224,280.00. Following the sale, the director directly owned 24,431 shares in the company, valued at $1,369,846.17. The trade was a 14.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 16,042 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $47.07, for a total transaction of $755,096.94. Following the completion of the transaction, the director directly owned 406,899 shares in the company, valued at $19,152,735.93. This trade represents a 3.79% 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 three months, insiders have sold 57,006 shares of company stock valued at $2,614,066. 6.80% of the stock is owned by insiders.

Life360 Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Life360 (NASDAQ:LIF)

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