Life360, Inc. (NASDAQ:LIF) Shares Bought by Fmr LLC

Fmr LLC grew its stake in Life360, Inc. (NASDAQ:LIF) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,520,135 shares of the company’s stock after purchasing an additional 86,917 shares during the quarter. Fmr LLC owned approximately 2.05% of Life360 worth $59,817,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Emerald Advisers LLC acquired a new stake in Life360 in the 2nd quarter worth about $6,777,000. Millennium Management LLC acquired a new stake in shares of Life360 in the second quarter worth approximately $11,861,000. Regal Partners Ltd purchased a new stake in shares of Life360 during the second quarter worth approximately $23,635,000. Ghisallo Capital Management LLC acquired a new position in Life360 in the 2nd quarter valued at $8,098,000. Finally, Ausbil Investment Management Ltd purchased a new position in Life360 in the 3rd quarter valued at $2,749,000.

Analyst Upgrades and Downgrades

LIF has been the subject of a number of recent research reports. Canaccord Genuity Group increased their target price on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Jefferies Financial Group started coverage on shares of Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 target price on the stock. UBS Group upped their price target on Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their target price on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, JMP Securities boosted their price target on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $47.00.

Insider Buying and Selling at Life360

In related news, CEO Chris Hulls sold 556,569 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the transaction, the chief executive officer now owns 952,696 shares of the company’s stock, valued at approximately $39,079,589.92. This represents a 36.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Goines sold 10,000 shares of Life360 stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.89, for a total value of $438,900.00. Following the completion of the transaction, the director now directly owns 66,272 shares of the company’s stock, valued at approximately $2,908,678.08. This represents a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 700,186 shares of company stock valued at $28,262,534 over the last 90 days.

Life360 Price Performance

NASDAQ LIF opened at $48.01 on Friday. The business’s fifty day simple moving average is $44.33. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76.

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.