KBC Group NV Invests $147,000 in Life360, Inc. (NASDAQ:LIF)

KBC Group NV acquired a new stake in Life360, Inc. (NASDAQ:LIF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,570 shares of the company’s stock, valued at approximately $147,000.

A number of other large investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in Life360 during the 3rd quarter valued at about $98,000. MetLife Investment Management LLC purchased a new position in shares of Life360 in the third quarter valued at approximately $139,000. SG Americas Securities LLC acquired a new position in shares of Life360 in the third quarter valued at approximately $246,000. First Dallas Securities Inc. purchased a new stake in Life360 during the 3rd quarter worth approximately $273,000. Finally, XTX Topco Ltd acquired a new stake in Life360 during the 3rd quarter worth approximately $280,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Insider Buying and Selling at Life360

In other Life360 news, Director John Philip Coghlan sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.50, for a total transaction of $415,000.00. Following the sale, the director now directly owns 41,628 shares in the company, valued at approximately $1,727,562. The trade was a 19.37 % 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, CEO Chris Hulls sold 556,569 shares of the business’s 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 638,985 shares of company stock valued at $26,262,250.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Canaccord Genuity Group boosted their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Stifel Nicolaus raised their price target on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, JMP Securities boosted their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $47.63.

Life360 Stock Down 7.1 %

LIF opened at $42.88 on Friday. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76. The business has a 50 day moving average price of $44.31 and a two-hundred day moving average price of $41.05.

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.