Millennium Management LLC Purchases 94,077 Shares of Life360, Inc. (NASDAQ:LIF)

Millennium Management LLC grew its stake in Life360, Inc. (NASDAQ:LIF - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,114,922 shares of the company's stock after buying an additional 94,077 shares during the quarter. Millennium Management LLC owned 1.49% of Life360 worth $46,013,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new position in Life360 during the fourth quarter worth $25,000. Summit Investment Advisors Inc. boosted its holdings in Life360 by 82.3% during the fourth 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 last quarter. KBC Group NV acquired a new position in Life360 during the fourth quarter worth $147,000. Deutsche Bank AG boosted its holdings in Life360 by 3,952.9% during the fourth quarter. Deutsche Bank AG now owns 4,134 shares of the company's stock worth $171,000 after purchasing an additional 4,032 shares during the last quarter. Finally, Corebridge Financial Inc. boosted its holdings in Life360 by 64.0% during the fourth 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 last quarter. Institutional investors and hedge funds own 20.00% of the company's stock.

Life360 Price Performance

Shares of LIF stock opened at $60.26 on Friday. The stock has a market cap of $4.61 billion and a P/E ratio of 669.56. The company has a fifty day moving average price of $40.86 and a two-hundred day moving average price of $43.14. Life360, Inc. has a one year low of $26.00 and a one year high of $62.64.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. The firm had revenue of $103.62 million during the quarter, compared to analysts' expectations 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, equities research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on LIF shares. Loop Capital increased their target price on shares of Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday. UBS Group increased 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. Finally, Stifel Nicolaus reduced their target price 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. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Life360 has an average rating of "Buy" and an average target price of $49.50.

Insider Transactions at Life360

In other news, Director John Philip Coghlan sold 3,125 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $43.30, for a total transaction of $135,312.50. Following the completion of the sale, the director now owns 32,903 shares in the company, valued at approximately $1,424,699.90. This trade represents a 8.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 owns 86,752 shares of the company's stock, valued at approximately $3,650,524.16. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 173,881 shares of company stock worth $7,220,851. 8.00% of the stock is owned by insiders.

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.

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