21,830 Shares in Life360, Inc. (NASDAQ:LIF) Purchased by Trexquant Investment LP

Trexquant Investment LP bought a new stake in shares of Life360, Inc. (NASDAQ:LIF) during the 4th quarter, HoldingsChannel reports. The firm bought 21,830 shares of the company’s stock, valued at approximately $901,000.

A number of other large investors also recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in Life360 by 402.9% during the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock valued at $22,269,000 after purchasing an additional 432,292 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Life360 during the 3rd quarter valued at about $7,995,000. Geode Capital Management LLC grew its stake in shares of Life360 by 39.2% in the 4th quarter. Geode Capital Management LLC now owns 181,587 shares of the company’s stock valued at $7,494,000 after buying an additional 51,129 shares in the last quarter. Swiss National Bank acquired a new position in Life360 in the fourth quarter worth approximately $5,717,000. Finally, Bank of New York Mellon Corp raised its position in Life360 by 1,007.8% during the fourth quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company’s stock valued at $5,397,000 after acquiring an additional 118,974 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, General Counsel Susan L. Stick sold 2,822 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $42.08, for a total transaction of $118,749.76. Following the transaction, the general counsel now owns 86,752 shares of the company’s stock, valued at approximately $3,650,524.16. The trade was a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles J. Prober sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the transaction, the director now directly owns 102,742 shares in the company, valued at $4,265,847.84. This trade represents a 32.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,710 shares of company stock worth $6,905,679.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $47.63.

Life360 Trading Down 7.3 %

NASDAQ LIF opened at $33.95 on Friday. The company has a 50 day moving average price of $41.17 and a two-hundred day moving average price of $42.90. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.77.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $114.39 million. As a group, analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Life360 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.