SG Americas Securities LLC Acquires 3,386 Shares of Life360, Inc. (NASDAQ:LIF)

SG Americas Securities LLC grew its holdings in Life360, Inc. (NASDAQ:LIF) by 54.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,649 shares of the company’s stock after acquiring an additional 3,386 shares during the period. SG Americas Securities LLC’s holdings in Life360 were worth $398,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC bought a new position in shares of Life360 in the 2nd quarter valued at approximately $11,861,000. Ausbil Investment Management Ltd acquired a new position in Life360 during the third quarter valued at approximately $2,749,000. Emerald Mutual Fund Advisers Trust raised its position in shares of Life360 by 0.4% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after purchasing an additional 736 shares during the period. Emerald Advisers LLC raised its position in shares of Life360 by 6.0% in the third quarter. Emerald Advisers LLC now owns 221,679 shares of the company’s stock valued at $8,723,000 after purchasing an additional 12,458 shares during the period. Finally, XY Capital Ltd lifted its stake in shares of Life360 by 157.4% in the third quarter. XY Capital Ltd now owns 16,295 shares of the company’s stock worth $641,000 after buying an additional 9,965 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Stock Performance

Shares of LIF opened at $45.72 on Monday. The stock’s 50-day moving average price is $44.49 and its 200 day moving average price is $40.83. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.76.

Insider Transactions at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction dated 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 owns 158,066 shares in the company, valued at $6,950,162.02. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Philip Coghlan sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total value of $415,000.00. Following the completion of the sale, the director now owns 41,628 shares in the company, valued at approximately $1,727,562. This represents a 19.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 638,985 shares of company stock valued at $26,262,250.

Analyst Upgrades and Downgrades

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