The Manufacturers Life Insurance Company Takes $675,000 Position in Life360, Inc. (NASDAQ:LIF)

The Manufacturers Life Insurance Company purchased a new stake in Life360, Inc. (NASDAQ:LIF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,148 shares of the company’s stock, valued at approximately $675,000.

A number of other institutional investors also recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in Life360 during the second quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Life360 during the second quarter worth $192,000. SG Americas Securities LLC bought a new position in Life360 during the third quarter worth $246,000. XY Capital Ltd bought a new position in Life360 during the second quarter worth $205,000. Finally, WealthPlan Investment Management LLC boosted its stake in Life360 by 8.2% during the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock worth $383,000 after buying an additional 738 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Insider Activity

In related news, CEO Chris Hulls sold 556,569 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the transaction, the chief executive officer now directly owns 952,696 shares in the company, valued at approximately $39,079,589.92. The trade was a 36.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $43.97, for a total value of $136,482.88. Following the completion of the transaction, the chief financial officer now owns 158,066 shares of the company’s stock, valued at $6,950,162.02. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 629,673 shares of company stock valued at $25,855,843 in the last ninety days.

Life360 Price Performance

Shares of LIF stock opened at $43.81 on Friday. The company has a 50-day moving average of $44.88. Life360, Inc. has a one year low of $26.00 and a one year high of $52.76.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LIF shares. Loop Capital lifted their price target on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Stifel Nicolaus boosted their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Canaccord Genuity Group boosted their target price on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. UBS Group boosted their target price on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, JMP Securities boosted their target price on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $47.00.

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.