Barclays PLC Acquires Shares of 8,132 Life360, Inc. (NASDAQ:LIF)

Barclays PLC acquired a new stake in shares of Life360, Inc. (NASDAQ:LIF) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,132 shares of the company’s stock, valued at approximately $320,000.

Other hedge funds have also bought and sold shares of the company. Hodges Capital Management Inc. bought a new position in Life360 during the third quarter valued at $3,876,000. FMR LLC grew its holdings in shares of Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after purchasing an additional 86,917 shares during the last quarter. State Street Corp bought a new position in shares of Life360 in the third quarter worth about $2,393,000. The Manufacturers Life Insurance Company bought a new position in shares of Life360 in the third quarter worth about $675,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Life360 in the third quarter worth about $547,000. Institutional investors own 20.00% of the company’s stock.

Insider Buying and Selling at Life360

In related news, CEO Chris Hulls sold 556,569 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the transaction, the chief executive officer now directly owns 952,696 shares of the company’s stock, valued at $39,079,589.92. This trade represents a 36.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 of the company’s stock, valued at $6,950,162.02. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 635,881 shares of company stock valued at $26,117,045.

Life360 Price Performance

LIF stock opened at $43.37 on Monday. The firm has a 50-day simple moving average of $43.92 and a two-hundred day simple moving average of $39.89. Life360, Inc. has a one year low of $26.00 and a one year high of $52.76.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Canaccord Genuity Group upped their price target 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 upgraded shares of Life360 from a “neutral” rating to a “buy” rating and upped their price target for the stock from $52.00 to $55.00 in a report on Friday. Finally, JMP Securities upped their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Seven investment 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.com, the stock currently has an average rating of “Buy” and a consensus target price of $47.63.

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.