Ieq Capital LLC Makes New Investment in Life360, Inc. (NASDAQ:LIF)

Ieq Capital LLC bought a new position in Life360, Inc. (NASDAQ:LIF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 105,157 shares of the company’s stock, valued at approximately $4,340,000.

Other large investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC boosted its stake in shares of Life360 by 2.5% during the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock worth $412,000 after acquiring an additional 247 shares during the last quarter. New York State Common Retirement Fund purchased a new position in shares of Life360 during the 4th quarter worth $25,000. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Life360 by 0.4% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after acquiring an additional 736 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Life360 during the 3rd quarter worth $98,000. Finally, SG Americas Securities LLC lifted its stake in shares of Life360 by 54.1% during the 4th quarter. SG Americas Securities LLC now owns 9,649 shares of the company’s stock valued at $398,000 after buying an additional 3,386 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Trading Down 3.4 %

Shares of NASDAQ:LIF opened at $45.29 on Friday. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.76. The firm’s 50-day moving average is $43.97 and its 200 day moving average is $42.11.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group lifted their target price on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus lifted their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, JMP Securities boosted their price target 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $47.63.

Insider Activity at Life360

In related news, Director Mark Goines sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.89, for a total transaction of $438,900.00. Following the transaction, the director now directly owns 66,272 shares in the company, valued at approximately $2,908,678.08. This represents a 13.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $41.41, for a total transaction of $128,536.64. Following the transaction, the chief financial officer now owns 154,962 shares in the company, valued at $6,416,976.42. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,520 shares of company stock worth $1,121,283.

Life360 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.