EntryPoint Capital LLC Invests $371,000 in Life360, Inc. (NASDAQ:LIF)

EntryPoint Capital LLC bought a new stake in shares of Life360, Inc. (NASDAQ:LIF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,999 shares of the company’s stock, valued at approximately $371,000.

Several other institutional investors also recently bought and sold shares of LIF. FMR LLC lifted its holdings in shares of Life360 by 6.1% during the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after purchasing an additional 86,917 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Life360 in the third quarter valued at about $7,995,000. Swiss National Bank purchased a new stake in Life360 in the fourth quarter valued at about $5,717,000. Bank of New York Mellon Corp boosted its holdings in Life360 by 1,007.8% in the fourth quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company’s stock worth $5,397,000 after acquiring an additional 118,974 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new stake in shares of Life360 during the third quarter worth about $5,134,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Life360 news, Director Charles J. Prober sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total value of $2,076,000.00. Following the completion of the sale, the director now directly owns 102,742 shares in the company, valued at $4,265,847.84. This represents a 32.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $39.35, for a total value of $122,142.40. Following the completion of the sale, the chief financial officer now directly owns 181,857 shares of the company’s stock, valued at $7,156,072.95. This trade represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,689 shares of company stock worth $6,688,812 over the last three months.

Life360 Stock Down 3.7 %

NASDAQ:LIF opened at $39.88 on Thursday. The firm’s fifty day moving average is $43.68 and its two-hundred day moving average is $42.88. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF) last posted its earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The company had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. Research analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on LIF. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and increased their price objective for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Canaccord Genuity Group lifted their price objective on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.