Life360, Inc. (NASDAQ:LIF) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC trimmed its position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 21.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,067 shares of the company's stock after selling 8,805 shares during the quarter. Boothbay Fund Management LLC's holdings in Life360 were worth $1,323,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund purchased a new position in shares of Life360 in the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. raised its stake in shares of 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 acquiring an additional 484 shares in the last quarter. KBC Group NV purchased a new position in Life360 in the fourth quarter valued at $147,000. Corebridge Financial Inc. grew its stake in Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock worth $210,000 after purchasing an additional 1,987 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Life360 by 79.9% in the fourth quarter. MetLife Investment Management LLC now owns 6,373 shares of the company's stock valued at $263,000 after acquiring an additional 2,830 shares in the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LIF shares. Stifel Nicolaus decreased their target price on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. UBS Group raised shares of Life360 from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Life360 presently has a consensus rating of "Buy" and a consensus price target of $47.38.

Life360 Stock Performance

NASDAQ LIF traded up $1.26 during mid-day trading on Friday, hitting $44.58. The stock had a trading volume of 301,214 shares, compared to its average volume of 380,534. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.77. The company has a 50 day simple moving average of $39.07 and a 200 day simple moving average of $42.66.

Life360 (NASDAQ:LIF - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $115.53 million during the quarter, compared to analysts' expectations of $114.39 million. Sell-side analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the business'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 completion of the sale, the chief financial officer now owns 142,546 shares of the company's stock, valued at approximately $6,215,005.60. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles J. Prober sold 50,000 shares of the 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 completion of the sale, the director now directly owns 102,742 shares of the company's stock, valued at $4,265,847.84. The trade was a 32.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 173,360 shares of company stock valued at $7,201,588.

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.