Schonfeld Strategic Advisors LLC Has $499,000 Position in Life360, Inc. (NASDAQ:LIF)

Schonfeld Strategic Advisors LLC increased its holdings in Life360, Inc. (NASDAQ:LIF) by 33.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,100 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Life360 were worth $499,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of Life360 during the 3rd quarter worth about $320,000. Franklin Resources Inc. acquired a new stake in shares of Life360 during the third quarter worth approximately $4,689,000. JPMorgan Chase & Co. raised its stake in shares of Life360 by 295.6% in the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock valued at $514,000 after acquiring an additional 9,754 shares during the last quarter. Affinity Capital Advisors LLC acquired a new position in shares of Life360 in the 4th quarter worth approximately $406,000. Finally, Cherrydale Wealth Management LLC bought a new stake in Life360 during the 4th quarter worth approximately $340,000. Institutional investors own 20.00% of the company’s stock.

Insider Activity

In related news, Director Charles J. Prober sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the completion of the transaction, the director now owns 102,742 shares in the company, valued at approximately $4,265,847.84. The trade was a 32.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Philip Coghlan sold 3,125 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $43.30, for a total transaction of $135,312.50. Following the completion of the sale, the director now directly owns 32,903 shares of the company’s stock, valued at $1,424,699.90. The trade was a 8.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 176,485 shares of company stock valued at $7,336,900 in the last 90 days.

Wall Street Analyst Weigh In

LIF has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on Life360 from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and upped their price target for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Life360 currently has an average rating of “Buy” and a consensus price target of $47.38.

Life360 Price Performance

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

Life360 (NASDAQ:LIF) last posted its quarterly earnings results 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 business had revenue of $115.53 million for the quarter, compared to the consensus estimate of $114.39 million. On average, equities research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.

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.