8,848 Shares in Life360, Inc. (NASDAQ:LIF) Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA bought a new stake in Life360, Inc. (NASDAQ:LIF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,848 shares of the company's stock, valued at approximately $365,000.

A number of other hedge funds have also made changes to their positions in the stock. New York State Common Retirement Fund purchased a new position in Life360 during the fourth quarter valued at approximately $25,000. BNP Paribas Financial Markets acquired a new stake in shares of Life360 during the 3rd quarter valued at $98,000. KBC Group NV purchased a new position in shares of Life360 during the 4th quarter valued at $147,000. Corebridge Financial Inc. increased its stake in shares of Life360 by 64.0% in the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock worth $210,000 after acquiring an additional 1,987 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Life360 during the third quarter worth $280,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Stock Up 2.2 %

Life360 stock traded up $0.79 during trading hours on Tuesday, reaching $36.81. 46,555 shares of the company were exchanged, compared to its average volume of 378,149. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77. The stock has a 50-day moving average of $40.74 and a 200 day moving average of $42.87.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $115.53 million for the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Equities analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded Life360 from a "neutral" rating to a "buy" rating and boosted their target price for the company from $52.00 to $55.00 in a research note 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.com, Life360 has an average rating of "Buy" and a consensus target price of $47.63.

Insider Activity

In other news, Director Charles J. Prober sold 50,000 shares of the firm'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 sale, the director now owns 102,742 shares in the company, valued at approximately $4,265,847.84. This trade represents a 32.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James Synge sold 25,000 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $43.43, for a total transaction of $1,085,750.00. Following the transaction, the director now owns 241,944 shares of the company's stock, valued at approximately $10,507,627.92. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,814 shares of company stock valued at $7,012,426.

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.