State Street Corp Takes $2.39 Million Position in Life360, Inc. (NASDAQ:LIF)

State Street Corp acquired a new position in shares of Life360, Inc. (NASDAQ:LIF) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 60,804 shares of the company’s stock, valued at approximately $2,393,000.

Several other hedge funds have also modified their holdings of LIF. Point72 DIFC Ltd purchased a new position in Life360 during the second quarter worth approximately $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Life360 during the 3rd quarter valued at $98,000. MetLife Investment Management LLC acquired a new stake in shares of Life360 during the 3rd quarter worth $139,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Life360 in the 2nd quarter worth $192,000. Finally, SG Americas Securities LLC acquired a new position in Life360 in the third quarter valued at $246,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Trading Down 1.3 %

Life360 stock opened at $41.27 on Wednesday. Life360, Inc. has a one year low of $26.00 and a one year high of $52.76. The business’s 50 day moving average is $44.58.

Insider Buying and Selling at Life360

In other Life360 news, CEO Chris Hulls sold 556,569 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. The trade was a 36.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the company’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 directly owns 158,066 shares of the company’s stock, valued at approximately $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. Insiders sold 632,777 shares of company stock valued at $25,984,380 over the last 90 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LIF shares. UBS Group upped their price target on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. JMP Securities increased their target price on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Canaccord Genuity Group raised their price target on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Life360 currently has an average rating of “Buy” and an average price target of $47.00.

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.