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

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Life360, Inc. (NASDAQ:LIF) during the 1st quarter, Holdings Channel reports. The institutional investor bought 40,958 shares of the company’s stock, valued at approximately $1,672,000.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Life360 during the fourth quarter valued at $47,097,000. Principal Financial Group Inc. boosted its stake in Life360 by 455.0% in the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock worth $18,918,000 after purchasing an additional 379,941 shares in the last quarter. Franklin Resources Inc. grew its position in Life360 by 86.3% during the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after purchasing an additional 352,110 shares during the last quarter. Greenspring Advisors LLC bought a new stake in Life360 during the 4th quarter valued at about $21,720,000. Finally, Invesco Ltd. increased its stake in Life360 by 171.3% during the 3rd quarter. Invesco Ltd. now owns 444,923 shares of the company’s stock valued at $47,295,000 after purchasing an additional 280,953 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Life360

In other Life360 news, 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 value of $224,280.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brit Morin sold 4,655 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $55.00, for a total transaction of $256,025.00. Following the sale, the director owned 25,975 shares of the company’s stock, valued at approximately $1,428,625. This represents a 15.20% 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 ninety days, insiders have sold 53,006 shares of company stock worth $2,437,426. Company insiders own 6.80% of the company’s stock.

Life360 Stock Down 2.9%

LIF opened at $54.05 on Friday. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 31.24 and a beta of 2.34. The firm has a 50 day moving average price of $50.47 and a 200-day moving average price of $48.40. Life360, Inc. has a twelve month low of $37.01 and a twelve month 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.

Analyst Upgrades and Downgrades

LIF has been the topic of several analyst reports. UBS Group dropped their target price on shares of Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Macquarie Infrastructure began coverage on shares of Life360 in a report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price objective for the company. Morgan Stanley started coverage on Life360 in a research report on Tuesday, July 21st. They issued an “overweight” rating and a $66.24 price objective on the stock. Evercore set a $68.00 price target on Life360 in a research note on Tuesday, May 12th. Finally, Bank of America upped their price target on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. One 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.