Wilson Asset Management International PTY Ltd. Boosts Stock Position in Life360, Inc. $LIF

Wilson Asset Management International PTY Ltd. grew its stake in shares of Life360, Inc. (NASDAQ:LIF) by 108.6% during the 4th quarter, HoldingsChannel reports. The fund owned 50,000 shares of the company’s stock after buying an additional 26,028 shares during the period. Wilson Asset Management International PTY Ltd.’s holdings in Life360 were worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D lifted its position in shares of Life360 by 18.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 31,700 shares of the company’s stock worth $2,033,000 after acquiring an additional 4,876 shares in the last quarter. Comerica Bank lifted its position in shares of Life360 by 22,750.0% during the fourth quarter. Comerica Bank now owns 914 shares of the company’s stock worth $59,000 after acquiring an additional 910 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Life360 by 6.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,530 shares of the company’s stock worth $740,000 after acquiring an additional 730 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Life360 by 13.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,456 shares of the company’s stock worth $1,697,000 after acquiring an additional 3,107 shares in the last quarter. Finally, Roman Butler Fullerton & Co. lifted its position in shares of Life360 by 70.1% during the fourth quarter. Roman Butler Fullerton & Co. now owns 9,002 shares of the company’s stock worth $577,000 after acquiring an additional 3,709 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citigroup dropped their target price on Life360 from $68.50 to $68.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Bank of America assumed coverage on Life360 in a research report on Wednesday, April 22nd. They set a “buy” rating and a $60.00 target price on the stock. Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Stifel Nicolaus lowered their price objective on Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.35.

Life360 Stock Down 3.8%

LIF opened at $44.52 on Wednesday. The stock has a market cap of $3.59 billion, a PE ratio of 25.44 and a beta of 2.81. The company has a quick ratio of 6.16, a current ratio of 6.26 and a debt-to-equity ratio of 0.57. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The business’s fifty day simple moving average is $43.58 and its 200 day simple moving average is $60.71.

Insider Transactions at Life360

In related news, CEO Lauren Antonoff sold 17,153 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $44.86, for a total value of $769,483.58. Following the transaction, the chief executive officer owned 288,232 shares of the company’s stock, valued at $12,930,087.52. This represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chris Hulls sold 16,105 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $45.51, for a total value of $732,938.55. Following the completion of the transaction, the director directly owned 399,809 shares in the company, valued at approximately $18,195,307.59. This represents a 3.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 67,037 shares of company stock worth $2,859,432 in the last three months.

About Life360

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.