Barclays PLC Acquires New Holdings in Life360, Inc. (NASDAQ:LIF)

Barclays PLC bought a new position in Life360, Inc. (NASDAQ:LIF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,132 shares of the company’s stock, valued at approximately $320,000.

Several other large investors also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in Life360 in the 2nd quarter valued at about $43,000. BNP Paribas Financial Markets bought a new position in shares of Life360 in the third quarter valued at approximately $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 during the third quarter valued at approximately $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 in the second quarter worth approximately $192,000. Finally, SG Americas Securities LLC bought a new position in Life360 during the 3rd quarter valued at $246,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $42.54 on Friday. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.76. The company’s 50-day moving average price is $44.50 and its two-hundred day moving average price is $39.22.

Insider Transactions at Life360

In related news, CEO Chris Hulls sold 556,569 shares of the company’s stock in a transaction 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 owns 952,696 shares in the company, valued at $39,079,589.92. This represents a 36.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Philip Coghlan sold 10,000 shares of Life360 stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total value of $415,000.00. Following the transaction, the director now owns 41,628 shares in the company, valued at $1,727,562. This trade represents a 19.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 632,777 shares of company stock worth $25,984,380 in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LIF. Canaccord Genuity Group boosted their price objective on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus lifted their price objective 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. UBS Group upped their target price on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, JMP Securities increased their target price on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.