G2 Investment Partners Management LLC Cuts Stake in Life360, Inc. (NASDAQ:LIF)

G2 Investment Partners Management LLC lowered its position in Life360, Inc. (NASDAQ:LIF - Free Report) by 25.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 181,523 shares of the company's stock after selling 61,463 shares during the period. Life360 accounts for approximately 1.9% of G2 Investment Partners Management LLC's portfolio, making the stock its 20th largest position. G2 Investment Partners Management LLC owned 0.24% of Life360 worth $7,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthPlan Investment Management LLC lifted its position in shares of Life360 by 2.5% in the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company's stock worth $412,000 after purchasing an additional 247 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Life360 by 82.3% in the 4th 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. New York State Common Retirement Fund acquired a new position in shares of Life360 in the 4th quarter worth approximately $25,000. Corebridge Financial Inc. lifted its position in shares of Life360 by 64.0% in the 4th 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. Finally, XTX Topco Ltd lifted its position in shares of Life360 by 37.4% in the 4th quarter. XTX Topco Ltd now owns 9,760 shares of the company's stock worth $403,000 after purchasing an additional 2,656 shares during the period. Institutional investors and hedge funds own 20.00% of the company's stock.

Insider Buying and Selling at Life360

In other news, Director Charles J. Prober sold 50,000 shares of the company's stock in a transaction 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 completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.94, for a total transaction of $139,493.76. Following the completion of the sale, the chief financial officer now owns 145,650 shares of the company's stock, valued at approximately $6,545,511. The trade was a 2.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 176,485 shares of company stock worth $7,336,900. 8.00% of the stock is owned by corporate insiders.

Life360 Stock Performance

Shares of NASDAQ:LIF traded up $0.53 during mid-day trading on Friday, hitting $45.72. The company had a trading volume of 448,029 shares, compared to its average volume of 381,084. The firm has a fifty day moving average price of $39.37 and a 200 day moving average price of $42.66. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LIF. UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Stifel Nicolaus lowered their price objective 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. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $47.38.

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.