Tudor Investment Corp ET AL Invests $4.42 Million in Life360, Inc. (NASDAQ:LIF)

Tudor Investment Corp ET AL bought a new stake in Life360, Inc. (NASDAQ:LIF) in the 4th quarter, HoldingsChannel.com reports. The firm bought 107,016 shares of the company’s stock, valued at approximately $4,417,000.

A number of other hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in Life360 by 402.9% in the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock valued at $22,269,000 after acquiring an additional 432,292 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Life360 by 86.2% in the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock valued at $16,975,000 after purchasing an additional 190,422 shares during the period. Lord Abbett & CO. LLC grew its stake in Life360 by 49.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 303,393 shares of the company’s stock worth $12,521,000 after buying an additional 100,217 shares during the last quarter. Geode Capital Management LLC increased its position in Life360 by 39.2% during the fourth quarter. Geode Capital Management LLC now owns 181,587 shares of the company’s stock worth $7,494,000 after buying an additional 51,129 shares during the period. Finally, Swiss National Bank purchased a new stake in Life360 in the fourth quarter valued at approximately $5,717,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LIF shares. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Stifel Nicolaus lowered their price objective on shares of Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $47.38.

Life360 Stock Up 1.0 %

Shares of NASDAQ LIF opened at $43.32 on Friday. The stock has a fifty day moving average price of $39.07 and a 200 day moving average price of $42.66. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.77.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share 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 analysts’ expectations of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, sell-side analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.94, for a total transaction of $139,493.76. Following the sale, the chief financial officer now directly owns 145,650 shares in the company, valued at approximately $6,545,511. The trade was a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Lauren Antonoff sold 14,091 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $42.17, for a total transaction of $594,217.47. Following the completion of the transaction, the chief operating officer now owns 293,769 shares of the company’s stock, valued at $12,388,238.73. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,360 shares of company stock worth $7,201,588.

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.