7,351 Shares in Life360, Inc. (NASDAQ:LIF) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in Life360, Inc. (NASDAQ:LIF) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,351 shares of the company’s stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. New York State Common Retirement Fund purchased a new position in shares of Life360 during the 4th quarter valued at about $25,000. BNP Paribas Financial Markets purchased a new position in shares of Life360 during the 3rd quarter valued at approximately $98,000. MetLife Investment Management LLC purchased a new stake in Life360 during the third quarter worth $139,000. KBC Group NV purchased a new position in Life360 in the fourth quarter valued at $147,000. Finally, First Dallas Securities Inc. acquired a new stake in shares of Life360 during the 3rd quarter valued at about $273,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Price Performance

Shares of Life360 stock opened at $38.38 on Wednesday. The business has a 50 day simple moving average of $43.33 and a two-hundred day simple moving average of $43.09. Life360, Inc. has a 12 month low of $26.00 and a 12 month 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 firm had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. On average, research analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Transactions at Life360

In other Life360 news, COO Lauren Antonoff sold 5,500 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $38.38, for a total transaction of $211,090.00. Following the transaction, the chief operating officer now owns 312,302 shares of the company’s stock, valued at approximately $11,986,150.76. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Susan L. Stick sold 2,822 shares of the firm’s stock in a transaction 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 completion of the sale, the general counsel now directly owns 86,752 shares of the company’s stock, valued at $3,650,524.16. This trade represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,689 shares of company stock valued at $6,920,032.

Analysts Set New Price Targets

Separately, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Life360 currently has an average rating of “Buy” and an average target price of $47.63.

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.