17,147 Shares in Life360, Inc. $LIF Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new stake in Life360, Inc. (NASDAQ:LIF) during the 1st quarter, Holdings Channel.com reports. The fund purchased 17,147 shares of the company’s stock, valued at approximately $700,000.

A number of other hedge funds also recently added to or reduced their stakes in LIF. Strive Financial Group LLC acquired a new position in shares of Life360 in the fourth quarter valued at approximately $26,000. MCF Advisors LLC acquired a new position in Life360 in the 4th quarter valued at $32,000. NewEdge Advisors LLC acquired a new position in Life360 in the 3rd quarter valued at $32,000. IFP Advisors Inc purchased a new position in Life360 during the 3rd quarter worth $47,000. Finally, Advisors Asset Management Inc. raised its position in Life360 by 136.6% during the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock worth $58,000 after buying an additional 519 shares during the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Life360

In other Life360 news, Director Chris Hulls sold 16,042 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $47.07, for a total value of $755,096.94. Following the completion of the transaction, the director directly owned 406,899 shares of the company’s stock, valued at approximately $19,152,735.93. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $56.07, for a total transaction of $224,280.00. Following the sale, the director owned 24,431 shares of the company’s stock, valued at approximately $1,369,846.17. The trade was a 14.07% 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. Insiders sold a total of 57,006 shares of company stock worth $2,614,066 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. DA Davidson lifted their target price on shares of Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Wall Street Zen downgraded shares of Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Macquarie Infrastructure assumed coverage on Life360 in a research report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price on the stock. Morgan Stanley began coverage on Life360 in a research note on Tuesday, July 21st. They set an “overweight” rating and a $66.24 target price for the company. Finally, Citigroup raised their price target on Life360 from $60.15 to $66.65 and gave the company a “buy” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.81.

Life360 Stock Performance

Shares of LIF opened at $56.68 on Wednesday. The company has a 50-day simple moving average of $49.57 and a 200-day simple moving average of $48.50. 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 company has a market capitalization of $4.59 billion, a PE ratio of 32.76 and a beta of 2.34. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54.

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.