Triodos Investment Management BV Buys 5,500 Shares of Life360, Inc. $LIF

Key Points

• Triodos Investment Management BV increased its holdings in Life360, Inc. by 16.9% in the second quarter, buying an additional 5,500 shares to reach a total of 38,000 shares valued at approximately $2.48 million.
• Multiple analyst upgrades have improved life360's outlook; for instance, UBS raised its price target from $85.00 to $120.00, and Citigroup started coverage with a "buy" rating and a $90.00 price target.
• Recent insider transactions showed a director selling 10,000 shares and the CFO selling 16,287 shares, indicating a significant decrease in their respective ownership stakes.

Triodos Investment Management BV increased its holdings in Life360, Inc. (NASDAQ:LIF - Free Report) by 16.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,000 shares of the company's stock after buying an additional 5,500 shares during the period. Triodos Investment Management BV's holdings in Life360 were worth $2,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of LIF. Keystone Financial Group Inc. bought a new position in Life360 in the second quarter worth approximately $62,000. GAMMA Investing LLC raised its stake in Life360 by 2,938.9% in the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after buying an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Life360 by 937.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after buying an additional 1,978 shares in the last quarter. New York State Common Retirement Fund raised its stake in Life360 by 433.3% in the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company's stock worth $123,000 after buying an additional 2,600 shares in the last quarter. Finally, Strs Ohio bought a new position in Life360 in the first quarter worth approximately $157,000. Institutional investors own 20.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LIF shares. Wall Street Zen raised shares of Life360 from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Stifel Nicolaus lifted their price target on shares of Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. UBS Group lifted their price target on shares of Life360 from $85.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Evercore ISI lifted their price target on shares of Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, Citigroup started coverage on shares of Life360 in a report on Thursday, July 31st. They issued a "buy" rating and a $90.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $91.43.

Insider Activity at Life360

In related news, Director John Philip Coghlan sold 10,000 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $85.01, for a total transaction of $850,100.00. Following the completion of the transaction, the director directly owned 67,604 shares in the company, valued at $5,747,016.04. The trade was a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Russell John Burke sold 16,287 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the transaction, the chief financial officer owned 63,030 shares of the company's stock, valued at $5,699,172.60. This represents a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 169,263 shares of company stock valued at $14,402,507 over the last ninety days. Corporate insiders own 8.00% of the company's stock.

Life360 Price Performance

Shares of LIF opened at $107.53 on Friday. The firm has a market capitalization of $8.34 billion, a PE ratio of 336.04 and a beta of 3.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01. Life360, Inc. has a 1-year low of $29.62 and a 1-year high of $112.54. The company's fifty day moving average price is $93.66 and its 200-day moving average price is $68.37.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. The firm had revenue of $115.38 million for the quarter, compared to analyst estimates of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. Life360 has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Life360, Inc. will post -0.17 EPS for the current 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.

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