Occudo Quantitative Strategies LP Invests $1.99 Million in Life360, Inc. (NASDAQ:LIF)

Occudo Quantitative Strategies LP acquired a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 48,296 shares of the company's stock, valued at approximately $1,993,000. Occudo Quantitative Strategies LP owned 0.06% of Life360 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LIF. Millennium Management LLC raised its position in Life360 by 9.2% during the fourth quarter. Millennium Management LLC now owns 1,114,922 shares of the company's stock valued at $46,013,000 after acquiring an additional 94,077 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Life360 by 83.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,797 shares of the company's stock valued at $239,000 after purchasing an additional 2,630 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Life360 in the 4th quarter valued at $828,000. Janus Henderson Group PLC bought a new stake in Life360 in the fourth quarter worth $1,348,000. Finally, Deutsche Bank AG increased its position in Life360 by 3,952.9% during the fourth quarter. Deutsche Bank AG now owns 4,134 shares of the company's stock worth $171,000 after buying an additional 4,032 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Insider Buying and Selling at Life360

In other news, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $43.60, for a total transaction of $135,334.40. Following the sale, the chief financial officer now owns 142,546 shares of the company's stock, valued at $6,215,005.60. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $37.86, for a total value of $118,312.50. Following the completion of the transaction, the director now owns 34,286 shares of the company's stock, valued at $1,298,067.96. This represents a 8.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 173,881 shares of company stock valued at $7,220,851. Corporate insiders own 8.00% of the company's stock.

Life360 Stock Up 2.9%

LIF traded up $1.69 during midday trading on Friday, reaching $60.26. 1,165,844 shares of the company's stock were exchanged, compared to its average volume of 400,203. The business has a 50-day simple moving average of $40.47 and a two-hundred day simple moving average of $43.03. Life360, Inc. has a one year low of $26.00 and a one year high of $62.64.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.09. The company had revenue of $103.62 million during the quarter, compared to analyst estimates of $101.48 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. Equities analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LIF shares. UBS Group raised their target price on shares of Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday. Loop Capital lifted their price objective on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, 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. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $49.50.

About Life360

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.