40,958 Shares in Life360, Inc. $LIF Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Life360, Inc. (NASDAQ:LIF) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40,958 shares of the company’s stock, valued at approximately $1,672,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.05% of Life360 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in shares of Life360 by 0.4% in the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after acquiring an additional 254 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in shares of Life360 by 8.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock worth $232,000 after purchasing an additional 273 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Life360 by 21.1% in the fourth quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock worth $107,000 after purchasing an additional 292 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Life360 in the third quarter worth about $32,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Life360 by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after purchasing an additional 343 shares during the period. Institutional investors own 20.00% of the company’s stock.

Life360 Stock Down 2.9%

Shares of NASDAQ:LIF opened at $54.05 on Friday. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The firm has a market capitalization of $4.38 billion, a P/E ratio of 31.24 and a beta of 2.34. The stock has a 50 day moving average price of $50.47 and a 200-day moving average price of $48.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37.

Insider Transactions at Life360

In other news, Director John Philip Coghlan sold 4,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $56.07, for a total value of $224,280.00. Following the sale, the director directly owned 24,431 shares of the company’s stock, valued at $1,369,846.17. This represents a 14.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 16,042 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $47.07, for a total transaction of $755,096.94. Following the completion of the transaction, the director owned 406,899 shares of the company’s stock, valued at approximately $19,152,735.93. The trade was a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 53,006 shares of company stock valued at $2,437,426 in the last three months. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LIF. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings cut Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Bank of America upped their target price on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Citigroup raised their price target on Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a research note on Monday, July 6th. Finally, UBS Group cut their price target on shares of Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.81.

Life360 Company 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.