Dimensional Fund Advisors LP Buys 49,429 Shares of Life360, Inc. $LIF

Key Points

• Dimensional Fund Advisors increased its Life360 position by 19.5%, buying 49,429 additional shares to hold 303,479 shares valued at approximately $12.4 million. Institutional investors collectively own 20% of the company.
• Life360 insiders have been net sellers, with executives selling 94,707 shares worth about $5.0 million over the past 90 days. Two directors also recently sold shares under pre-arranged Rule 10b5-1 plans.
• Analyst sentiment remains cautiously positive, with the stock carrying a “Moderate Buy” consensus and an average price target of $64.81, while shares recently opened at $63.19.

Dimensional Fund Advisors LP lifted its position in Life360, Inc. (NASDAQ:LIF - Free Report) by 19.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,479 shares of the company's stock after acquiring an additional 49,429 shares during the period. Dimensional Fund Advisors LP owned approximately 0.38% of Life360 worth $12,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LIF. Strive Financial Group LLC bought a new stake in Life360 in the fourth quarter valued at approximately $26,000. MCF Advisors LLC bought a new position in shares of Life360 during the fourth quarter worth $32,000. NewEdge Advisors LLC bought a new position in shares of Life360 during the third quarter worth $32,000. IFP Advisors Inc bought a new position in shares of Life360 during the third quarter worth $47,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Life360 by 136.6% in the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company's stock valued at $58,000 after buying an additional 519 shares during the period. Institutional investors own 20.00% of the company's stock.

Insider Transactions at Life360

In other news, Director Charles J. Prober sold 7,930 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $46.07, for a total transaction of $365,335.10. Following the completion of the transaction, the director directly owned 109,911 shares of the company's stock, valued at $5,063,599.77. This represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $54.82, for a total value of $219,280.00. Following the transaction, the director directly owned 20,431 shares of the company's stock, valued at $1,120,027.42. This trade represents a 16.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 94,707 shares of company stock valued at $5,008,946. 6.80% of the stock is currently owned by company insiders.

Life360 Price Performance

Shares of NASDAQ LIF opened at $63.19 on Friday. The company has a fifty day moving average price of $52.43 and a 200 day moving average price of $48.43. The firm has a market cap of $5.12 billion, a PE ratio of 36.53 and a beta of 2.35. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group lowered their price objective on shares of Life360 from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. Wall Street Zen lowered Life360 from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Weiss Ratings cut Life360 from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, May 12th. Bank of America increased their price target on Life360 from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Finally, DA Davidson lifted their price objective on Life360 from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $64.81.

About Life360

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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