Castleark Management LLC Invests $5.52 Million in Life360, Inc. $LIF

Castleark Management LLC acquired a new position in Life360, Inc. (NASDAQ:LIF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 84,570 shares of the company’s stock, valued at approximately $5,518,000. Castleark Management LLC owned 0.11% of Life360 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Life360 by 3,865.6% in the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock worth $218,194,000 after purchasing an additional 5,540,302 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Life360 by 24.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 52,450 shares of the company’s stock worth $2,014,000 after buying an additional 10,264 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Life360 by 133.4% in the first quarter. Deutsche Bank AG now owns 9,650 shares of the company’s stock worth $370,000 after buying an additional 5,516 shares during the last quarter. Invesco Ltd. bought a new stake in Life360 during the first quarter valued at approximately $540,000. Finally, Nuveen LLC purchased a new stake in Life360 during the first quarter valued at approximately $905,000. Institutional investors own 20.00% of the company’s stock.

Insiders Place Their Bets

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $76.93, for a total transaction of $610,054.90. Following the completion of the sale, the director directly owned 105,456 shares of the company’s stock, valued at $8,112,730.08. This trade represents a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Chris Hulls sold 311,749 shares of Life360 stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $77.10, for a total transaction of $24,035,847.90. Following the sale, the director owned 469,749 shares in the company, valued at approximately $36,217,647.90. The trade was a 39.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 601,939 shares of company stock worth $46,929,140 over the last ninety days.

Analysts Set New Price Targets

LIF has been the topic of several analyst reports. DA Davidson started coverage on shares of Life360 in a research note on Thursday. They set a “buy” rating and a $94.00 price target on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 8th. UBS Group cut their price target on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Citigroup reaffirmed a “market outperform” rating on shares of Life360 in a research note on Tuesday, November 11th. Finally, Zacks Research downgraded Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Life360 has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

Life360 Trading Down 2.2%

Shares of LIF stock opened at $67.57 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The stock has a fifty day simple moving average of $85.86 and a two-hundred day simple moving average of $81.71. The firm has a market capitalization of $5.30 billion, a PE ratio of 198.74 and a beta of 3.62. Life360, Inc. has a 52-week low of $29.62 and a 52-week high of $112.54.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Life360 had a return on equity of 7.95% and a net margin of 6.46%.The firm had revenue of $124.50 million during the quarter, compared to analyst estimates of $119.26 million. On average, analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

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.