Nuveen Asset Management LLC Raises Position in Life360, Inc. (NASDAQ:LIF)

Nuveen Asset Management LLC increased its holdings in Life360, Inc. (NASDAQ:LIF - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,537 shares of the company's stock after acquiring an additional 37,091 shares during the quarter. Nuveen Asset Management LLC owned about 0.31% of Life360 worth $9,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Life360 by 295.6% during the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company's stock valued at $514,000 after acquiring an additional 9,754 shares in the last quarter. Barclays PLC boosted its stake in Life360 by 280.6% during the 4th quarter. Barclays PLC now owns 30,952 shares of the company's stock valued at $1,278,000 after purchasing an additional 22,820 shares during the last quarter. Swiss National Bank purchased a new position in shares of Life360 in the fourth quarter worth $5,717,000. BNP Paribas Financial Markets lifted its holdings in shares of Life360 by 2,816.3% during the fourth quarter. BNP Paribas Financial Markets now owns 72,996 shares of the company's stock valued at $3,013,000 after purchasing an additional 70,493 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in shares of Life360 by 18.3% during the fourth quarter. Hodges Capital Management Inc. now owns 116,493 shares of the company's stock valued at $4,808,000 after purchasing an additional 18,000 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $34.39, for a total transaction of $106,746.56. Following the transaction, the chief financial officer now owns 208,395 shares in the company, valued at approximately $7,166,704.05. The trade was a 1.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Lauren Antonoff sold 4,546 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $62.23, for a total value of $282,897.58. Following the completion of the sale, the chief operating officer now owns 335,678 shares of the company's stock, valued at $20,889,241.94. The trade was a 1.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,836 shares of company stock valued at $6,991,769. 8.00% of the stock is owned by company insiders.

Life360 Price Performance

Shares of NASDAQ:LIF traded up $1.09 during trading on Friday, hitting $64.13. The company's stock had a trading volume of 3,365,718 shares, compared to its average volume of 430,169. The firm has a market cap of $4.91 billion and a price-to-earnings ratio of 712.56. The company has a 50-day moving average of $45.14 and a 200-day moving average of $44.26. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $65.24.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $103.62 million for the quarter, compared to the consensus estimate of $101.48 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

LIF has been the subject of several research analyst reports. Loop Capital lifted their price objective on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Stifel Nicolaus reduced their price target on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Canaccord Genuity Group increased their price objective on shares of Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, UBS Group raised their target price on shares of Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Seven investment 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 price target of $51.00.

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.