Life360, Inc. $LIF Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Life360, Inc. (NASDAQ:LIF) by 192.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,108 shares of the company’s stock after buying an additional 17,845 shares during the quarter. SG Americas Securities LLC’s holdings in Life360 were worth $1,107,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Wilson Asset Management International PTY Ltd. increased its holdings in 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 acquiring an additional 26,028 shares in the last quarter. Greenspring Advisors LLC acquired a new position in Life360 during the fourth quarter worth $21,720,000. XY Capital Ltd purchased a new position in Life360 during the fourth quarter valued at $6,063,000. Milford Funds Ltd. purchased a new position in Life360 during the fourth quarter valued at $9,604,000. Finally, Hodges Capital Management Inc. grew its position in shares of 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 purchasing an additional 16,972 shares during the period. 20.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Macquarie Infrastructure initiated coverage on shares of Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price target on the stock. Weiss Ratings cut Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. UBS Group cut their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Bank of America assumed coverage on Life360 in a report on Wednesday, April 22nd. They set a “buy” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.17.

Insiders Place Their Bets

In related news, Director John Philip Coghlan sold 4,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $43.99, for a total transaction of $175,960.00. Following the completion of the sale, the director owned 28,431 shares of the company’s stock, valued at approximately $1,250,679.69. This represents a 12.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $46.07, for a total transaction of $365,335.10. Following the sale, the director directly owned 109,911 shares of the company’s stock, valued at approximately $5,063,599.77. This represents a 6.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 79,757 shares of company stock valued at $3,541,120. Corporate insiders own 6.80% of the company’s stock.

Life360 Stock Performance

Shares of LIF opened at $57.71 on Friday. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. 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 firm’s fifty day moving average is $45.63 and its two-hundred day moving average is $49.93. The stock has a market cap of $4.68 billion, a PE ratio of 33.36 and a beta of 2.34.

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.