California State Teachers Retirement System Increases Position in Life360, Inc. (NASDAQ:LIF)

California State Teachers Retirement System increased its holdings in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 14,425.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,443 shares of the company's stock after purchasing an additional 61,020 shares during the quarter. California State Teachers Retirement System owned approximately 0.08% of Life360 worth $2,536,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund purchased a new stake in shares of Life360 during the fourth quarter worth about $25,000. Summit Investment Advisors Inc. boosted its stake in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after buying an additional 484 shares during the last quarter. KBC Group NV bought a new position in Life360 during the fourth quarter valued at approximately $147,000. Deutsche Bank AG boosted its stake in Life360 by 3,952.9% during the fourth quarter. Deutsche Bank AG now owns 4,134 shares of the company's stock valued at $171,000 after buying an additional 4,032 shares during the last quarter. Finally, Corebridge Financial Inc. boosted its stake in Life360 by 64.0% during the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock valued at $210,000 after buying an additional 1,987 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Insider Transactions at Life360

In other Life360 news, General Counsel Susan L. Stick sold 500 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $62.23, for a total transaction of $31,115.00. Following the transaction, the general counsel now directly owns 110,809 shares in the company, valued at $6,895,644.07. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Synge sold 25,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $43.43, for a total value of $1,085,750.00. Following the transaction, the director now owns 241,944 shares in the company, valued at $10,507,627.92. The trade was a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,033 shares of company stock worth $3,176,238. 8.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LIF. Loop Capital increased their price target on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. UBS Group raised their price objective on Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Canaccord Genuity Group raised their price objective on Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Stifel Nicolaus lowered their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $51.00.

Life360 Trading Down 1.8%

Shares of NASDAQ LIF traded down $1.19 during midday trading on Friday, hitting $63.85. The company's stock had a trading volume of 758,716 shares, compared to its average volume of 447,600. The business's 50 day moving average is $47.59 and its two-hundred day moving average is $44.98. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $65.79. The firm has a market cap of $4.89 billion and a P/E ratio of 709.44.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results 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. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $103.62 million for the quarter, compared to the consensus estimate of $101.48 million. On average, analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

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.