Geode Capital Management LLC Takes Position in Life360, Inc. (NASDAQ:LIF)

Geode Capital Management LLC purchased a new position in shares of Life360, Inc. (NASDAQ:LIF) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 130,458 shares of the company’s stock, valued at approximately $5,134,000. Geode Capital Management LLC owned 0.18% of Life360 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wealthstream Advisors Inc. purchased a new position in Life360 during the 3rd quarter worth $35,538,000. Millennium Management LLC purchased a new position in Life360 during the second quarter worth about $11,861,000. Ghisallo Capital Management LLC acquired a new stake in Life360 in the second quarter valued at about $8,098,000. Emerald Advisers LLC acquired a new position in Life360 during the 2nd quarter worth approximately $6,777,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Life360 during the 2nd quarter worth approximately $5,488,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LIF has been the subject of several research analyst reports. JMP Securities increased their price objective on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Canaccord Genuity Group boosted their price objective 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 upped their target price on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus lifted their price target 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $47.00.

Insider Activity at Life360

In other Life360 news, Director Mark Goines sold 10,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.89, for a total transaction of $438,900.00. Following the transaction, the director now owns 66,272 shares of the company’s stock, valued at $2,908,678.08. This represents a 13.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Russell John Burke sold 3,104 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $41.41, for a total value of $128,536.64. Following the transaction, the chief financial officer now owns 154,962 shares in the company, valued at $6,416,976.42. This trade represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 632,777 shares of company stock valued at $25,984,380.

Life360 Trading Up 1.6 %

LIF stock opened at $42.54 on Friday. The company’s 50 day simple moving average is $44.50 and its 200-day simple moving average is $39.22. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.76.

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.