19,388 Shares in Life360, Inc. $LIF Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Life360, Inc. (NASDAQ:LIF) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,388 shares of the company’s stock, valued at approximately $791,000.

Other hedge funds have also recently bought and sold shares of the company. Wilson Asset Management International PTY Ltd. raised its position in shares of Life360 by 108.6% in the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company’s stock worth $3,207,000 after buying an additional 26,028 shares during the period. Greenspring Advisors LLC purchased a new position in Life360 in the 4th quarter valued at about $21,720,000. XY Capital Ltd acquired a new stake in Life360 during the 4th quarter valued at approximately $6,063,000. Milford Funds Ltd. acquired a new position in shares of Life360 in the 4th quarter valued at approximately $9,604,000. Finally, Hodges Capital Management Inc. increased its holdings in Life360 by 36.4% in the fourth quarter. Hodges Capital Management Inc. now owns 63,546 shares of the company’s stock valued at $4,076,000 after buying an additional 16,972 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LIF. Weiss Ratings downgraded shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. UBS Group dropped their target price on shares of Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Bank of America increased their target price on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday. Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a report on Tuesday, May 12th. Finally, Macquarie Infrastructure initiated coverage on shares of Life360 in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.65.

Life360 Price Performance

NASDAQ LIF opened at $53.79 on Friday. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54. The stock has a market capitalization of $4.36 billion, a PE ratio of 31.09 and a beta of 2.34. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $47.76 and a two-hundred day moving average price of $49.20.

Insider Activity at Life360

In other Life360 news, Director Brit Morin sold 4,655 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $55.00, for a total value of $256,025.00. Following the completion of the sale, the director owned 25,975 shares in the company, valued at approximately $1,428,625. This trade represents a 15.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $56.07, for a total value of $224,280.00. Following the transaction, the director owned 24,431 shares of the company’s stock, valued at $1,369,846.17. This represents a 14.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 57,006 shares of company stock worth $2,614,066. 6.80% of the stock is owned by company insiders.

Life360 Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.