WealthPlan Investment Management LLC Raises Holdings in Life360, Inc. (NASDAQ:LIF)

WealthPlan Investment Management LLC lifted its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,992 shares of the company’s stock after buying an additional 247 shares during the period. WealthPlan Investment Management LLC’s holdings in Life360 were worth $412,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Life360 during the 3rd quarter worth approximately $98,000. MetLife Investment Management LLC purchased a new position in Life360 in the 3rd quarter valued at approximately $139,000. KBC Group NV purchased a new position in Life360 in the 4th quarter valued at approximately $147,000. SG Americas Securities LLC purchased a new position in Life360 in the 3rd quarter valued at approximately $246,000. Finally, First Dallas Securities Inc. purchased a new position in Life360 in the 3rd quarter valued at approximately $273,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Life360

In other news, Director John Philip Coghlan sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.50, for a total transaction of $415,000.00. Following the sale, the director now owns 41,628 shares in the company, valued at $1,727,562. This trade represents a 19.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Goines sold 50,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $40.70, for a total value of $2,035,000.00. Following the sale, the director now owns 76,272 shares in the company, valued at $3,104,270.40. This trade represents a 39.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,520 shares of company stock worth $3,571,283 over the last quarter.

Analyst Ratings Changes

LIF has been the subject of several research analyst reports. Canaccord Genuity Group raised their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus raised their price objective on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and raised their price objective for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Finally, JMP Securities raised their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $47.63.

Life360 Price Performance

Life360 stock opened at $46.46 on Friday. The stock has a fifty day moving average of $43.66 and a two-hundred day moving average of $41.68. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Life360 Company 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.