PDT Partners LLC Takes $1.08 Million Position in Life360, Inc. (NASDAQ:LIF)

PDT Partners LLC bought a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,080 shares of the company's stock, valued at approximately $1,076,000.

A number of other institutional investors have also recently bought and sold shares of LIF. New York State Common Retirement Fund purchased a new position in Life360 during the 4th quarter worth 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 buying an additional 484 shares during the period. KBC Group NV purchased a new stake in Life360 in the 4th quarter worth about $147,000. Corebridge Financial Inc. boosted its holdings in shares of 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 period. Finally, MetLife Investment Management LLC boosted its stake in shares of Life360 by 79.9% during the 4th quarter. MetLife Investment Management LLC now owns 6,373 shares of the company's stock valued at $263,000 after buying an additional 2,830 shares during the period. Hedge funds and other institutional investors own 20.00% of the company's stock.

Life360 Stock Performance

NASDAQ LIF traded up $0.16 during trading on Tuesday, hitting $43.72. The company's stock had a trading volume of 51,847 shares, compared to its average volume of 378,574. The firm has a 50 day moving average price of $39.15 and a 200 day moving average price of $42.64. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last released 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 net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. On average, equities analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $43.60, for a total value of $135,334.40. Following the transaction, the chief financial officer now owns 142,546 shares of the company's stock, valued at approximately $6,215,005.60. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Susan L. Stick sold 2,822 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the sale, the general counsel now owns 86,752 shares in the company, valued at $3,650,524.16. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 176,485 shares of company stock valued at $7,336,900.

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.