Brevan Howard Capital Management LP Invests $527,000 in Life360, Inc. (NASDAQ:LIF)

Brevan Howard Capital Management LP bought a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,770 shares of the company's stock, valued at approximately $527,000.

A number of other institutional investors have also recently modified their holdings of the business. Barclays PLC acquired a new stake in Life360 in the 3rd quarter worth about $320,000. Franklin Resources Inc. acquired a new stake in Life360 in the 3rd quarter worth about $4,689,000. JPMorgan Chase & Co. boosted its holdings in Life360 by 295.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company's stock worth $514,000 after buying an additional 9,754 shares during the last quarter. Affinity Capital Advisors LLC acquired a new stake in Life360 in the 4th quarter worth about $406,000. Finally, Cherrydale Wealth Management LLC purchased a new position in shares of Life360 in the fourth quarter worth about $340,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Stock Up 20.4%

Shares of Life360 stock traded up $10.11 during trading hours on Tuesday, reaching $59.62. 2,211,998 shares of the company were exchanged, compared to its average volume of 390,364. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $62.61. The stock's fifty day moving average is $39.50 and its 200 day moving average is $42.71.

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

Analyst Ratings Changes

A number of research firms recently weighed in on LIF. Stifel Nicolaus lowered their price target on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Loop Capital boosted 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, UBS Group raised their target price on Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $49.50.

Insider Transactions at Life360

In other news, COO Lauren Antonoff sold 4,546 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $38.78, for a total transaction of $176,293.88. Following the sale, the chief operating officer now owns 340,224 shares of the company's stock, valued at $13,193,886.72. The trade was a 1.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $43.30, for a total value of $135,312.50. Following the transaction, the director now owns 32,903 shares of the company's stock, valued at $1,424,699.90. This represents a 8.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 173,881 shares of company stock worth $7,220,851. Corporate insiders own 8.00% of the company's stock.

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.