Yorktown Management & Research Co Inc Purchases Shares of 9,000 Life360, Inc. (NASDAQ:LIF)

Yorktown Management & Research Co Inc purchased a new stake in Life360, Inc. (NASDAQ:LIF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,000 shares of the company’s stock, valued at approximately $371,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in shares of Life360 in the 2nd quarter valued at $11,861,000. SG Americas Securities LLC bought a new position in Life360 during the third quarter worth $246,000. Ausbil Investment Management Ltd bought a new position in Life360 during the third quarter worth $2,749,000. Emerald Mutual Fund Advisers Trust boosted its stake in Life360 by 0.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after acquiring an additional 736 shares in the last quarter. Finally, Emerald Advisers LLC boosted its stake in Life360 by 6.0% during the third quarter. Emerald Advisers LLC now owns 221,679 shares of the company’s stock worth $8,723,000 after acquiring an additional 12,458 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.78, for a total value of $145,205.12. Following the sale, the chief financial officer now owns 148,754 shares of the company’s stock, valued at $6,958,712.12. The trade was a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Chris Hulls sold 556,569 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the sale, the chief executive officer now directly owns 952,696 shares in the company, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 638,985 shares of company stock worth $26,262,250.

Life360 Trading Up 2.8 %

Shares of LIF stock opened at $45.95 on Wednesday. The firm has a 50-day moving average of $44.50 and a 200-day moving average of $41.00. Life360, Inc. has a one year low of $26.00 and a one year high of $52.76.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LIF. JMP Securities increased their target price on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Stifel Nicolaus increased their target price on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. UBS Group raised 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 research note on Friday, January 17th. Finally, Canaccord Genuity Group raised their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Life360 presently has a consensus rating of “Buy” and an average price target of $47.63.

About Life360

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.