Ieq Capital LLC Invests $4.34 Million in Life360, Inc. (NASDAQ:LIF)

Ieq Capital LLC bought a new position in shares of Life360, Inc. (NASDAQ:LIF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 105,157 shares of the company’s stock, valued at approximately $4,340,000. Ieq Capital LLC owned 0.14% of Life360 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund purchased a new stake in Life360 in the fourth quarter worth about $25,000. BNP Paribas Financial Markets purchased a new stake in Life360 in the third quarter worth about $98,000. MetLife Investment Management LLC purchased a new stake in Life360 in the third quarter worth about $139,000. KBC Group NV purchased a new stake in Life360 in the fourth quarter worth about $147,000. Finally, First Dallas Securities Inc. purchased a new stake in Life360 in the third quarter worth about $273,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Price Performance

Shares of LIF opened at $45.29 on Friday. The firm has a 50 day moving average of $43.97 and a 200 day moving average of $42.11. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76.

Insider Activity at Life360

In related news, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $41.41, for a total transaction of $128,536.64. Following the completion of the sale, the chief financial officer now owns 154,962 shares of the company’s stock, valued at $6,416,976.42. This trade represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Goines sold 10,000 shares of Life360 stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.89, for a total transaction of $438,900.00. Following the completion of the sale, the director now directly owns 66,272 shares of the company’s stock, valued at approximately $2,908,678.08. This trade represents a 13.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,520 shares of company stock valued at $1,121,283 over the last 90 days.

Analyst Upgrades and Downgrades

Several brokerages have commented on LIF. Canaccord Genuity Group raised their price objective on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. 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 report on Friday, January 17th. JMP Securities lifted their target price on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus lifted their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $47.63.

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.