Tudor Investment Corp ET AL Purchases New Position in Life360, Inc. (NASDAQ:LIF)

Tudor Investment Corp ET AL acquired a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 107,016 shares of the company's stock, valued at approximately $4,417,000. Tudor Investment Corp ET AL owned 0.14% of Life360 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LIF. WealthPlan Investment Management LLC lifted its stake in Life360 by 2.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company's stock valued at $412,000 after purchasing an additional 247 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after acquiring an additional 484 shares in the last quarter. New York State Common Retirement Fund bought a new position in Life360 in the 4th quarter worth $25,000. Corebridge Financial Inc. grew its position in Life360 by 64.0% in the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock valued at $210,000 after acquiring an additional 1,987 shares during the period. Finally, XTX Topco Ltd boosted its stake in shares of Life360 by 37.4% in the 4th quarter. XTX Topco Ltd now owns 9,760 shares of the company's stock valued at $403,000 after purchasing an additional 2,656 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LIF. UBS Group raised 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 research note on Friday, January 17th. Stifel Nicolaus cut their price target on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $47.38.

Life360 Price Performance

Shares of Life360 stock traded up $0.53 during midday trading on Wednesday, reaching $44.59. The company had a trading volume of 55,332 shares, compared to its average volume of 378,463. The stock has a fifty day moving average price of $39.23 and a 200 day moving average price of $42.65. 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 announced 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). The company had revenue of $115.53 million for the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, research analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Insider Buying and Selling at Life360

In other news, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 142,546 shares of the company's stock, valued at $6,215,005.60. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $43.30, for a total value of $135,312.50. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,485 shares of company stock worth $7,336,900.

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.