Barclays PLC Purchases 22,820 Shares of Life360, Inc. (NASDAQ:LIF)

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

Other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund purchased a new position in Life360 during the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. raised its position in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares in the last quarter. KBC Group NV purchased a new position in Life360 in the 4th quarter worth $147,000. Corebridge Financial Inc. boosted its position in Life360 by 64.0% during the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock valued at $210,000 after buying an additional 1,987 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in Life360 during the 4th quarter worth approximately $303,000. Institutional investors own 20.00% of the company's stock.

Life360 Stock Up 1.2 %

NASDAQ:LIF traded up $0.53 during trading hours on Friday, reaching $45.72. 448,029 shares of the company traded hands, compared to its average volume of 381,084. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $52.77. The business's 50-day moving average price is $39.37 and its two-hundred day moving average price is $42.67.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) 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 the consensus estimate of $114.39 million. On average, research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

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 transaction of $118,749.76. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Philip Coghlan sold 3,125 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $43.30, for a total value of $135,312.50. Following the completion of the transaction, the director now directly owns 32,903 shares of the company's stock, valued at approximately $1,424,699.90. This trade represents a 8.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 176,485 shares of company stock worth $7,336,900 in the last ninety days.

Analyst Ratings Changes

A number of analysts have recently weighed in on LIF shares. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and increased their price objective for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Stifel Nicolaus reduced their price target on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Life360 currently has an average rating of "Buy" and a consensus target price 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.