Barclays PLC Buys Shares of 8,132 Life360, Inc. (NASDAQ:LIF)

Barclays PLC acquired a new stake in Life360, Inc. (NASDAQ:LIF) in the 3rd quarter, Holdings Channel reports. The firm acquired 8,132 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors also recently modified their holdings of LIF. Emerald Mutual Fund Advisers Trust grew its holdings in Life360 by 0.4% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after purchasing an additional 736 shares during the period. WealthPlan Investment Management LLC grew its stake in shares of Life360 by 8.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock valued at $383,000 after buying an additional 738 shares during the period. Point72 DIFC Ltd bought a new stake in Life360 in the 2nd quarter valued at about $43,000. BNP Paribas Financial Markets acquired a new position in Life360 during the 3rd quarter worth approximately $98,000. Finally, MetLife Investment Management LLC bought a new position in Life360 in the third quarter worth approximately $139,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Insider Buying and Selling

In other news, Director John Philip Coghlan sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total value of $415,000.00. Following the transaction, the director now owns 41,628 shares of the company’s stock, valued at approximately $1,727,562. This represents a 19.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Goines sold 50,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $40.70, for a total value of $2,035,000.00. Following the completion of the sale, the director now owns 76,272 shares in the company, valued at $3,104,270.40. This trade represents a 39.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 632,777 shares of company stock valued at $25,984,380.

Life360 Price Performance

Shares of NASDAQ LIF opened at $42.54 on Friday. The stock has a fifty day simple moving average of $44.50 and a two-hundred day simple moving average of $39.22. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JMP Securities boosted their price objective on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. UBS Group raised their price objective on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Canaccord Genuity Group lifted their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $47.00.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.