95,602 Shares in Life360, Inc. (NASDAQ:LIF) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in Life360, Inc. (NASDAQ:LIF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 95,602 shares of the company's stock, valued at approximately $3,945,000. ExodusPoint Capital Management LP owned 0.13% of Life360 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Trexquant Investment LP bought a new position in Life360 during the fourth quarter worth $901,000. Geode Capital Management LLC boosted its holdings in Life360 by 39.2% in the fourth quarter. Geode Capital Management LLC now owns 181,587 shares of the company's stock worth $7,494,000 after acquiring an additional 51,129 shares in the last quarter. Franklin Resources Inc. grew its position in Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after purchasing an additional 432,292 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Life360 by 403.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 43,058 shares of the company's stock valued at $1,777,000 after purchasing an additional 34,508 shares in the last quarter. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Life360 during the fourth quarter worth about $365,000. Institutional investors own 20.00% of the company's stock.

Life360 Trading Up 2.9 %

Shares of LIF stock traded up $0.99 during trading hours on Friday, hitting $34.94. 471,747 shares of the company were exchanged, compared to its average volume of 379,659. The firm has a fifty day simple moving average of $40.95 and a 200 day simple moving average of $42.87. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.77.

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

Analyst Ratings Changes

Separately, UBS Group raised 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 research report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Life360 currently has an average rating of "Buy" and a consensus price target of $47.63.

Insiders Place Their Bets

In other news, Director John Philip Coghlan sold 3,125 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $37.86, for a total transaction of $118,312.50. Following the completion of the transaction, the director now owns 34,286 shares of the company's stock, valued at approximately $1,298,067.96. The trade was a 8.35 % 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 the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $34.39, for a total transaction of $106,746.56. Following the completion of the transaction, the chief financial officer now directly owns 208,395 shares in the company, valued at $7,166,704.05. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 167,814 shares of company stock worth $7,012,426 in the last quarter.

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.