Greenspring Advisors LLC Invests $21.72 Million in Life360, Inc. $LIF

Greenspring Advisors LLC acquired a new position in Life360, Inc. (NASDAQ:LIFFree Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 338,637 shares of the company’s stock, valued at approximately $21,720,000. Life360 comprises 1.3% of Greenspring Advisors LLC’s holdings, making the stock its 8th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Life360 by 18.0% in the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock worth $879,305,000 after acquiring an additional 1,260,236 shares during the period. Geode Capital Management LLC boosted its stake in shares of Life360 by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock worth $74,372,000 after acquiring an additional 85,857 shares during the period. Franklin Resources Inc. lifted its position in shares of Life360 by 86.3% in the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after buying an additional 352,110 shares in the last quarter. Citigroup Inc. lifted its position in shares of Life360 by 158.4% in the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after buying an additional 459,463 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Life360 in the fourth quarter worth about $47,097,000. Institutional investors own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LIF. DA Davidson reiterated a “neutral” rating and issued a $40.00 target price on shares of Life360 in a research report on Wednesday, May 13th. Evercore set a $68.00 target price on Life360 in a research report on Tuesday, May 12th. Macquarie Infrastructure began coverage on Life360 in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price on the stock. Wall Street Zen downgraded Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Citigroup decreased their target price on Life360 from $68.50 to $68.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Life360 presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.94.

View Our Latest Research Report on Life360

Key Headlines Impacting Life360

Here are the key news stories impacting Life360 this week:

Insiders Place Their Bets

In other news, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $37.27, for a total transaction of $295,551.10. Following the transaction, the director owned 105,456 shares of the company’s stock, valued at approximately $3,930,345.12. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $41.32, for a total value of $165,280.00. Following the transaction, the director directly owned 36,431 shares in the company, valued at approximately $1,505,328.92. This represents a 9.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 87,416 shares of company stock worth $3,696,121. Corporate insiders own 6.80% of the company’s stock.

Life360 Trading Down 1.6%

Shares of LIF stock opened at $46.26 on Thursday. The company has a market cap of $3.75 billion, a PE ratio of 26.74 and a beta of 2.62. The stock’s 50 day simple moving average is $42.21 and its two-hundred day simple moving average is $53.45. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $112.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23.

About Life360

(Free Report)

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.

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Institutional Ownership by Quarter for Life360 (NASDAQ:LIF)

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