Capula Management Ltd Purchases New Shares in Life360, Inc. $LIF

Capula Management Ltd acquired a new position in shares of Life360, Inc. (NASDAQ:LIF) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 41,872 shares of the company’s stock, valued at approximately $1,709,000.

Several other hedge funds have also made changes to their positions in LIF. NewEdge Advisors LLC purchased a new position in Life360 during the 3rd quarter worth approximately $32,000. Strive Financial Group LLC purchased a new stake in shares of Life360 in the fourth quarter valued at $26,000. IFP Advisors Inc acquired a new stake in shares of Life360 in the third quarter worth $47,000. MCF Advisors LLC acquired a new stake in shares of Life360 in the fourth quarter worth $32,000. Finally, Advisory Services Network LLC acquired a new position in Life360 during the third quarter valued at $80,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group decreased their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Bank of America raised their price target on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Morgan Stanley started coverage on shares of Life360 in a research report on Tuesday. They set an “overweight” rating and a $66.24 price objective on the stock. Weiss Ratings lowered shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Finally, Citigroup increased their target price on shares of Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.81.

Insider Buying and Selling at Life360

In related news, Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction 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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brit Morin sold 4,655 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $55.00, for a total transaction of $256,025.00. Following the completion of the sale, the director owned 25,975 shares of the company’s stock, valued at $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 sold 57,006 shares of company stock valued at $2,614,066. 6.80% of the stock is currently owned by insiders.

Life360 Price Performance

Shares of LIF opened at $49.55 on Friday. The firm has a market cap of $4.02 billion, a PE ratio of 28.64 and a beta of 2.34. The firm’s 50 day moving average price is $48.72 and its 200 day moving average price is $48.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54.

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.