13,907 Shares in Life360, Inc. (NASDAQ:LIF) Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. purchased a new stake in Life360, Inc. (NASDAQ:LIF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,907 shares of the company’s stock, valued at approximately $547,000.

A number of other large investors have also recently added to or reduced their stakes in LIF. Wealthstream Advisors Inc. bought a new stake in shares of Life360 in the 3rd quarter worth about $35,538,000. Regal Partners Ltd bought a new stake in Life360 in the second quarter valued at about $23,635,000. Millennium Management LLC acquired a new stake in Life360 during the second quarter valued at approximately $11,861,000. Ghisallo Capital Management LLC bought a new position in Life360 during the 2nd quarter worth approximately $8,098,000. Finally, Emerald Advisers LLC acquired a new position in shares of Life360 in the 2nd quarter worth approximately $6,777,000. 20.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Chris Hulls sold 556,569 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the sale, the chief executive officer now directly owns 952,696 shares of the company’s stock, valued at $39,079,589.92. This represents a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Philip Coghlan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total transaction of $415,000.00. Following the transaction, the director now directly owns 41,628 shares in the company, valued at $1,727,562. The trade was a 19.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 629,673 shares of company stock worth $25,855,843.

Life360 Trading Down 4.6 %

LIF stock opened at $41.43 on Thursday. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.76. The company’s 50 day moving average price is $44.95.

Wall Street Analysts Forecast Growth

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

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.