JT Stratford LLC Makes New $231,000 Investment in Life360, Inc. (NASDAQ:LIF)

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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Loop Capital increased their target price on shares of Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. UBS Group increased their target price on shares of Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Canaccord Genuity Group increased their price target on shares of Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $51.00.

Insider Activity at Life360

In related news, 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 value of $2,076,000.00. Following the sale, the director now directly owns 102,742 shares of the company's stock, valued at $4,265,847.84. This trade represents a 32.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the general counsel now directly owns 86,752 shares in the company, valued at $3,650,524.16. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,686 shares of company stock valued at $6,491,299 over the last three months. 8.00% of the stock is owned by corporate insiders.

Life360 Trading Up 2.1%

Shares of Life360 stock traded up $1.29 on Tuesday, reaching $62.65. The stock had a trading volume of 792,563 shares, compared to its average volume of 413,066. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $64.18. The company has a market cap of $4.79 billion and a P/E ratio of 696.11. The business's 50 day moving average is $43.31 and its two-hundred day moving average is $43.78.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $101.48 million. On average, equities analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Life360 Company 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.