OLD Mission Capital LLC Has $664,000 Stock Holdings in Life360, Inc. (NASDAQ:LIF)

OLD Mission Capital LLC trimmed its position in Life360, Inc. (NASDAQ:LIF) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,080 shares of the company’s stock after selling 5,033 shares during the quarter. OLD Mission Capital LLC’s holdings in Life360 were worth $664,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. bought a new position in shares of Life360 in the 3rd quarter worth $3,876,000. FMR LLC grew its position in shares of Life360 by 6.1% during the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after buying an additional 86,917 shares during the period. State Street Corp bought a new stake in shares of Life360 in the 3rd quarter valued at about $2,393,000. Cherrydale Wealth Management LLC acquired a new stake in shares of Life360 in the 4th quarter valued at approximately $340,000. Finally, JPMorgan Chase & Co. boosted its stake in Life360 by 295.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock worth $514,000 after acquiring an additional 9,754 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and increased their target price for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Life360 has an average rating of “Buy” and a consensus price target of $47.63.

Insider Transactions at Life360

In other news, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.74, for a total value of $132,664.96. Following the completion of the transaction, the chief financial officer now owns 151,858 shares in the company, valued at $6,490,410.92. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Susan L. Stick sold 2,822 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the sale, the general counsel now owns 86,752 shares in the company, valued at $3,650,524.16. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,814 shares of company stock valued at $7,038,344 in the last ninety days.

Life360 Stock Performance

Shares of NASDAQ:LIF opened at $31.78 on Friday. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77. The company’s fifty day simple moving average is $42.68 and its 200 day simple moving average is $43.00.

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

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.