XTX Topco Ltd Acquires New Shares in Life360, Inc. (NASDAQ:LIF)

XTX Topco Ltd acquired a new stake in Life360, Inc. (NASDAQ:LIF) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,104 shares of the company’s stock, valued at approximately $280,000.

A number of other large investors have also recently added to or reduced their stakes in LIF. Point72 DIFC Ltd acquired a new position in Life360 in the second quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new position in Life360 during the third quarter worth $98,000. MetLife Investment Management LLC acquired a new position in Life360 during the third quarter worth $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Life360 during the second quarter worth $192,000. Finally, XY Capital Ltd acquired a new position in Life360 during the second quarter worth $205,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LIF. UBS Group upped their price target on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus upped their price target on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Loop Capital upped their price target on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. JMP Securities upped their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price target on Life360 from $54.00 to $58.00 and gave the stock 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 given a strong buy rating to the company. According to MarketBeat.com, Life360 has a consensus rating of “Buy” and an average target price of $47.00.

Life360 Stock Performance

Life360 stock opened at $43.44 on Wednesday. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76. The stock’s fifty day moving average is $44.97.

Insider Transactions at Life360

In related news, 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 transaction, the director now owns 76,272 shares of the company’s stock, valued at $3,104,270.40. This represents a 39.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Chris Hulls sold 556,569 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the transaction, the chief executive officer now directly owns 952,696 shares in the company, valued at $39,079,589.92. This trade represents a 36.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 629,673 shares of company stock valued at $25,855,843.

Life360 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.