Brevan Howard Capital Management LP Buys Shares of 12,770 Life360, Inc. (NASDAQ:LIF)

Brevan Howard Capital Management LP purchased a new position in Life360, Inc. (NASDAQ:LIF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,770 shares of the company’s stock, valued at approximately $527,000.

A number of other large investors also recently modified their holdings of LIF. New York State Common Retirement Fund purchased a new stake in shares of Life360 in the 4th quarter valued at about $25,000. Summit Investment Advisors Inc. raised its stake in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after purchasing an additional 484 shares in the last quarter. KBC Group NV bought a new stake in Life360 during the fourth quarter valued at approximately $147,000. Corebridge Financial Inc. grew its stake in Life360 by 64.0% in the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock worth $210,000 after buying an additional 1,987 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Life360 by 79.9% in the 4th quarter. MetLife Investment Management LLC now owns 6,373 shares of the company’s stock worth $263,000 after buying an additional 2,830 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Life360

In related news, General Counsel Susan L. Stick sold 2,822 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $118,749.76. Following the completion of the transaction, the general counsel now owns 86,752 shares in the company, valued at $3,650,524.16. This represents a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $43.60, for a total transaction of $135,334.40. Following the transaction, the chief financial officer now directly owns 142,546 shares in the company, valued at approximately $6,215,005.60. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,485 shares of company stock worth $7,336,900.

Life360 Stock Performance

Shares of LIF stock opened at $45.72 on Friday. The business has a 50-day moving average of $39.37 and a 200 day moving average of $42.67. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.77.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. As a group, equities analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LIF. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Stifel Nicolaus dropped their price target on Life360 from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $47.38.

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.