BNP Paribas Financial Markets Buys New Shares in Life360, Inc. (NASDAQ:LIF)

BNP Paribas Financial Markets purchased a new position in Life360, Inc. (NASDAQ:LIF) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,503 shares of the company’s stock, valued at approximately $98,000.

A number of other hedge funds have also recently added to or reduced their stakes in LIF. Regal Partners Ltd acquired a new position in shares of Life360 in the 2nd quarter valued at $23,635,000. XY Capital Ltd acquired a new position in Life360 in the second quarter valued at $205,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Life360 during the second quarter valued at about $5,488,000. Emerald Advisers LLC purchased a new stake in Life360 during the second quarter valued at about $6,777,000. Finally, Point72 DIFC Ltd acquired a new stake in Life360 during the second quarter worth about $43,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LIF has been the topic of several research analyst reports. Stifel Nicolaus lifted their price objective on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Canaccord Genuity Group lifted their price target on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Loop Capital boosted their price objective on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. UBS Group raised their target price on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, JMP Securities lifted their target price on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $47.00.

Insider Buying and Selling

In other news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total transaction of $136,482.88. Following the completion of the transaction, the chief financial officer now directly owns 158,066 shares in the company, valued at approximately $6,950,162.02. This represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 952,696 shares of the company’s stock, valued at $39,079,589.92. The trade was a 36.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 629,673 shares of company stock valued at $25,855,843 in the last quarter.

Life360 Stock Performance

NASDAQ LIF opened at $41.43 on Thursday. The stock’s fifty day moving average price is $44.95. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76.

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.