Charles Schwab Investment Management Inc. Has $2.01 Million Position in Life360, Inc. $LIF

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Life360, Inc. by 24.3% in the first quarter, now owning approximately $2,014,000 worth of shares.
• Insiders, including CEO Lauren Antonoff, sold substantial amounts of stock recently, with Antonoff selling 4,546 shares for about $409,140 and Director John Philip Coghlan selling 10,000 shares for around $850,100.
• Wall Street analysts have upgraded Life360's stock ratings, with several raising their target price to as high as $95, reflecting a consensus rating of "Buy".

Charles Schwab Investment Management Inc. lifted its position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 24.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 52,450 shares of the company's stock after purchasing an additional 10,264 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.07% of Life360 worth $2,014,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LIF. Vanguard Group Inc. grew its stake in shares of Life360 by 3,865.6% during the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock valued at $218,194,000 after acquiring an additional 5,540,302 shares in the last quarter. Millennium Management LLC boosted its position in shares of Life360 by 9.2% during the fourth quarter. Millennium Management LLC now owns 1,114,922 shares of the company's stock worth $46,013,000 after buying an additional 94,077 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Life360 by 320.0% in the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock valued at $21,087,000 after acquiring an additional 418,493 shares in the last quarter. Emerald Advisers LLC boosted its stake in Life360 by 53.8% during the first quarter. Emerald Advisers LLC now owns 270,817 shares of the company's stock valued at $10,397,000 after buying an additional 94,679 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Life360 by 19.0% in the fourth quarter. Nuveen Asset Management LLC now owns 232,537 shares of the company's stock worth $9,597,000 after acquiring an additional 37,091 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on LIF shares. Wall Street Zen raised shares of Life360 from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Canaccord Genuity Group lifted their target price on shares of Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. UBS Group reaffirmed a "buy" rating and set a $85.00 price objective (up previously from $71.00) on shares of Life360 in a report on Tuesday, August 12th. Citigroup assumed coverage on shares of Life360 in a research note on Thursday, July 31st. They issued a "buy" rating and a $90.00 price objective on the stock. Finally, Loop Capital boosted their target price on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Life360 presently has a consensus rating of "Buy" and a consensus target price of $86.43.

Insider Transactions at Life360

In other news, Director John Philip Coghlan sold 10,000 shares of Life360 stock in a transaction on Friday, August 15th. The stock was sold at an average price of $85.01, for a total transaction of $850,100.00. Following the completion of the sale, the director owned 67,604 shares of the company's stock, valued at approximately $5,747,016.04. This trade represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell John Burke sold 16,287 shares of Life360 stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the completion of the sale, the chief financial officer owned 63,030 shares of the company's stock, valued at $5,699,172.60. This trade represents a 20.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 210,281 shares of company stock worth $15,853,006.

Life360 Stock Performance

Shares of LIF traded down $3.35 during mid-day trading on Tuesday, reaching $87.09. The company's stock had a trading volume of 906,657 shares, compared to its average volume of 798,463. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84. The business has a 50-day simple moving average of $75.52 and a two-hundred day simple moving average of $57.23. Life360, Inc. has a 1-year low of $29.62 and a 1-year high of $92.51. The stock has a market cap of $6.75 billion, a P/E ratio of 282.64 and a beta of 3.50.

Life360 (NASDAQ:LIF - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The company had revenue of $115.38 million during the quarter, compared to analysts' expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate 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.