Charles Schwab Investment Management Inc. Grows Position in Life360, Inc. (NASDAQ:LIF)

Charles Schwab Investment Management Inc. boosted its position in Life360, Inc. (NASDAQ:LIF) by 203.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,186 shares of the company’s stock after acquiring an additional 28,279 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.06% of Life360 worth $1,741,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC increased its holdings in shares of Life360 by 2.5% in the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after acquiring an additional 247 shares during the last quarter. New York State Common Retirement Fund purchased a new position in Life360 in the fourth quarter valued at approximately $25,000. BNP Paribas Financial Markets acquired a new stake in Life360 during the third quarter worth approximately $98,000. SG Americas Securities LLC lifted its position in shares of Life360 by 54.1% during the 4th quarter. SG Americas Securities LLC now owns 9,649 shares of the company’s stock worth $398,000 after buying an additional 3,386 shares during the last quarter. Finally, First Dallas Securities Inc. boosted its holdings in shares of Life360 by 50.4% in the 4th quarter. First Dallas Securities Inc. now owns 10,450 shares of the company’s stock valued at $431,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Insider Buying and Selling

In other Life360 news, General Counsel Susan L. Stick sold 2,822 shares of Life360 stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the sale, the general counsel now owns 86,752 shares of the company’s stock, valued at approximately $3,650,524.16. The trade was a 3.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles J. Prober sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total value of $2,076,000.00. Following the transaction, the director now directly owns 102,742 shares of the company’s stock, valued at approximately $4,265,847.84. This trade represents a 32.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,189 shares of company stock valued at $6,708,942 over the last three months.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Canaccord Genuity Group boosted their target price on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $47.63.

Life360 Stock Performance

NASDAQ LIF opened at $38.63 on Friday. The firm’s fifty day moving average is $43.55 and its two-hundred day moving average is $42.95. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $114.39 million. As a group, research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

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.