Life360, Inc. (NASDAQ:LIF) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 280.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,952 shares of the company's stock after acquiring an additional 22,820 shares during the period. Barclays PLC's holdings in Life360 were worth $1,278,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LIF. Franklin Resources Inc. lifted its stake in Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after buying an additional 432,292 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Life360 by 39.2% in the fourth quarter. Geode Capital Management LLC now owns 181,587 shares of the company's stock valued at $7,494,000 after acquiring an additional 51,129 shares in the last quarter. Swiss National Bank acquired a new stake in shares of Life360 during the fourth quarter valued at $5,717,000. Bank of New York Mellon Corp increased its position in Life360 by 1,007.8% during the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock worth $5,397,000 after purchasing an additional 118,974 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its stake in Life360 by 18.3% in the 4th 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 during the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. UBS Group raised shares of Life360 from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Life360 presently has a consensus rating of "Buy" and an average price target of $47.38.

Insider Transactions at Life360

In other Life360 news, General Counsel Susan L. Stick sold 2,822 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the transaction, the general counsel now directly owns 86,752 shares of the company's stock, valued at $3,650,524.16. This trade represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 dated Monday, February 10th. The stock was sold at an average price of $44.94, for a total value of $139,493.76. Following the completion of the sale, the chief financial officer now directly owns 145,650 shares of the company's stock, valued at $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 quarter, insiders sold 173,360 shares of company stock worth $7,201,588.

Life360 Stock Up 2.9 %

NASDAQ:LIF opened at $44.58 on Monday. The firm's 50 day moving average is $39.12 and its two-hundred day moving average is $42.64. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results 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). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $115.53 million during the quarter, compared to analysts' expectations of $114.39 million. On average, analysts forecast 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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