KLP Kapitalforvaltning AS Buys 1,600 Shares of Life360, Inc. $LIF

KLP Kapitalforvaltning AS raised its stake in Life360, Inc. (NASDAQ:LIF) by 11.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,100 shares of the company’s stock after purchasing an additional 1,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in Life360 were worth $985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keystone Financial Group Inc. bought a new stake in shares of Life360 during the second quarter worth about $62,000. Caitong International Asset Management Co. Ltd increased its position in shares of Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after acquiring an additional 1,978 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock worth $84,000 after acquiring an additional 2,116 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Life360 by 433.3% during the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock worth $123,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Life360 during the first quarter worth about $157,000. 20.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LIF. UBS Group boosted their target price on shares of Life360 from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Wall Street Zen raised shares of Life360 from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Evercore ISI upped their price objective on shares of Life360 from $55.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Life360 in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group upped their price objective on shares of Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $91.43.

Life360 Stock Down 2.8%

LIF opened at $97.87 on Thursday. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 305.85 and a beta of 3.51. Life360, Inc. has a twelve month low of $29.62 and a twelve month high of $112.54. The company’s 50-day moving average price is $95.68 and its two-hundred day moving average price is $70.08.

Life360 (NASDAQ:LIF) last released its earnings results on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The firm had revenue of $115.38 million for the quarter, compared to analysts’ expectations of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. Life360 has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Transactions at Life360

In related news, Director Mark Goines sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $86.87, for a total transaction of $1,737,400.00. Following the sale, the director directly owned 71,809 shares in the company, valued at approximately $6,238,047.83. This represents a 21.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Philip Coghlan sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $85.01, for a total transaction of $850,100.00. Following the sale, the director owned 67,604 shares in the company, valued at $5,747,016.04. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 161,333 shares of company stock valued at $14,199,340. Corporate insiders own 8.00% of the company’s stock.

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.