Capula Management Ltd Buys Shares of 41,872 Life360, Inc. $LIF

Key Points

• Capula Management Ltd opened a new position in Life360 during the first quarter, buying 41,872 shares worth about $1.71 million.
• Other institutional investors also increased or initiated stakes, and hedge funds and other institutions now own about 20% of Life360.
• Analyst sentiment is mostly positive: Life360 has an average “Moderate Buy” rating with a consensus price target of $64.81, though some recent insider sales and a downgrade from Weiss Ratings show mixed signals.

Capula Management Ltd bought a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,872 shares of the company's stock, valued at approximately $1,709,000. Capula Management Ltd owned approximately 0.05% of Life360 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LIF. Wilson Asset Management International PTY Ltd. lifted its stake in Life360 by 108.6% during the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company's stock worth $3,207,000 after purchasing an additional 26,028 shares during the last quarter. Greenspring Advisors LLC bought a new stake in Life360 during the fourth quarter valued at $21,720,000. XY Capital Ltd acquired a new stake in shares of Life360 during the fourth quarter worth $6,063,000. Milford Funds Ltd. bought a new position in shares of Life360 in the 4th quarter worth about $9,604,000. Finally, Hodges Capital Management Inc. boosted its holdings in shares of Life360 by 36.4% in the 4th quarter. Hodges Capital Management Inc. now owns 63,546 shares of the company's stock valued at $4,076,000 after buying an additional 16,972 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Price Performance

NASDAQ:LIF opened at $49.55 on Friday. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The business's 50-day moving average price is $48.72 and its 200 day moving average price is $48.73. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The firm has a market cap of $4.02 billion, a P/E ratio of 28.64 and a beta of 2.34.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LIF shares. Weiss Ratings lowered shares of Life360 from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, May 12th. Bank of America upped their price target on shares of Life360 from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Canaccord Genuity Group set a $72.00 target price on Life360 in a research report on Tuesday, May 12th. Citigroup upped their price target on shares of Life360 from $60.15 to $66.65 and gave the stock a "buy" rating in a research note on Monday, July 6th. Finally, DA Davidson raised their price objective on shares of Life360 from $40.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Life360 currently has an average rating of "Moderate Buy" and an average price target of $64.81.

Insider Buying and Selling at Life360

In related news, Director Charles J. Prober sold 7,930 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $46.07, for a total transaction of $365,335.10. Following the completion of the sale, the director directly owned 109,911 shares in the company, valued at approximately $5,063,599.77. This trade represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brit Morin sold 4,655 shares of Life360 stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $55.00, for a total transaction of $256,025.00. Following the completion of the transaction, the director owned 25,975 shares in the company, valued at approximately $1,428,625. This trade represents a 15.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 57,006 shares of company stock worth $2,614,066. 6.80% of the stock is currently owned by company insiders.

Life360 Company Profile

Life360, Inc NASDAQ: LIF operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company's services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.

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