Life360, Inc. (NASDAQ:LIF) Shares Purchased by Corebridge Financial Inc.

Corebridge Financial Inc. grew its position in shares of Life360, Inc. (NASDAQ:LIF) by 64.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,092 shares of the company’s stock after buying an additional 1,987 shares during the quarter. Corebridge Financial Inc.’s holdings in Life360 were worth $210,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. purchased a new position in shares of Life360 during the 3rd quarter worth approximately $547,000. The Manufacturers Life Insurance Company acquired a new position in Life360 during the third quarter worth $675,000. BNP Paribas Financial Markets purchased a new position in Life360 in the third quarter worth $98,000. State Street Corp acquired a new stake in Life360 in the third quarter valued at $2,393,000. Finally, Jane Street Group LLC boosted its position in shares of Life360 by 35.2% during the 3rd quarter. Jane Street Group LLC now owns 123,507 shares of the company’s stock worth $4,860,000 after purchasing an additional 32,182 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Charles J. Prober sold 50,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 102,742 shares of the company’s stock, valued at $4,265,847.84. The trade was a 32.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.94, for a total transaction of $139,493.76. Following the sale, the chief financial officer now owns 145,650 shares in the company, valued at approximately $6,545,511. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,814 shares of company stock worth $7,012,426 in the last ninety days.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and increased their price target for the company 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $47.63.

Life360 Stock Performance

Shares of LIF stock opened at $34.94 on Friday. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77. The business has a fifty day simple moving average of $40.95 and a 200-day simple moving average of $42.87.

Life360 (NASDAQ:LIF) last posted 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 business had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $114.39 million. On average, sell-side analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

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.