JT Stratford LLC Acquires New Stake in Life360, Inc. (NASDAQ:LIF)

JT Stratford LLC bought a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,602 shares of the company's stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Monograph Wealth Advisors LLC boosted its position in Life360 by 56.1% in the 4th quarter. Monograph Wealth Advisors LLC now owns 101,234 shares of the company's stock valued at $4,178,000 after buying an additional 36,400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Life360 in the 4th quarter valued at about $5,090,000. Voloridge Investment Management LLC purchased a new position in Life360 in the 4th quarter valued at about $1,902,000. Squarepoint Ops LLC boosted its position in Life360 by 303.8% in the 4th quarter. Squarepoint Ops LLC now owns 36,388 shares of the company's stock valued at $1,502,000 after buying an additional 27,376 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in Life360 in the 4th quarter valued at about $341,000. Institutional investors and hedge funds own 20.00% of the company's stock.

Insider Buying and Selling at Life360

In related news, General Counsel Susan L. Stick sold 2,822 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $42.08, for a total transaction of $118,749.76. Following the transaction, the general counsel now owns 86,752 shares in the company, valued at $3,650,524.16. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles J. Prober sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the transaction, the director now owns 102,742 shares in the company, valued at $4,265,847.84. This represents a 32.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 159,790 shares of company stock worth $6,677,757. 8.00% of the stock is owned by company insiders.

Life360 Trading Up 0.4%

LIF traded up $0.24 on Thursday, hitting $63.04. 256,825 shares of the company's stock were exchanged, compared to its average volume of 415,117. The firm has a market cap of $4.82 billion and a PE ratio of 700.39. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $63.78. The stock has a fifty day moving average of $44.23 and a two-hundred day moving average of $44.04.

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

Analyst Upgrades and Downgrades

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

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.