Monograph Wealth Advisors LLC Purchases 29,694 Shares of Life360, Inc. $LIF

Monograph Wealth Advisors LLC boosted its position in shares of Life360, Inc. (NASDAQ:LIF) by 44.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,925 shares of the company’s stock after buying an additional 29,694 shares during the period. Monograph Wealth Advisors LLC’s holdings in Life360 were worth $3,916,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Wilson Asset Management International PTY Ltd. raised its holdings in shares of Life360 by 108.6% during 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 purchased a new position in shares of Life360 in the fourth quarter valued at $21,720,000. XY Capital Ltd purchased a new position in shares of Life360 in the fourth quarter valued at $6,063,000. Milford Funds Ltd. bought a new stake in Life360 in the fourth quarter worth $9,604,000. Finally, Hodges Capital Management Inc. increased its position in Life360 by 36.4% in the fourth quarter. Hodges Capital Management Inc. now owns 63,546 shares of the company’s stock worth $4,076,000 after purchasing an additional 16,972 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Insider Activity

In related news, Director Chris Hulls sold 16,379 shares of Life360 stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $40.34, for a total transaction of $660,728.86. Following the completion of the transaction, the director directly owned 403,485 shares of the company’s stock, valued at approximately $16,276,584.90. The trade was a 3.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction, the director owned 109,911 shares in the company, valued at $5,063,599.77. The trade was a 6.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 57,006 shares of company stock worth $2,614,066. 6.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LIF has been the topic of a number of recent research reports. Macquarie Infrastructure initiated coverage on shares of Life360 in a research note on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price target on the stock. Citigroup lifted their price objective on shares of Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a research note on Monday, July 6th. Bank of America boosted their target price on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. UBS Group decreased their target price on shares of Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.81.

Life360 Stock Down 5.2%

Shares of LIF opened at $52.03 on Thursday. The company has a market cap of $4.22 billion, a PE ratio of 30.08 and a beta of 2.34. The business has a fifty day moving average of $48.53 and a 200 day moving average of $48.84. 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.

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.