419,871 Shares in Life360, Inc. $LIF Bought by American Century Companies Inc.

American Century Companies Inc. bought a new position in Life360, Inc. (NASDAQ:LIF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 419,871 shares of the company’s stock, valued at approximately $44,632,000. American Century Companies Inc. owned 0.54% of Life360 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its stake in shares of Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after purchasing an additional 239 shares during the period. CWM LLC boosted its stake in Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the period. Jones Financial Companies Lllp grew its holdings in Life360 by 1,663.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after buying an additional 499 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in shares of Life360 by 591.7% during the third quarter. Aster Capital Management DIFC Ltd now owns 920 shares of the company’s stock worth $98,000 after buying an additional 787 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Life360 during the second quarter worth approximately $96,000. 20.00% of the stock is currently owned by institutional investors.

Insider Transactions at Life360

In related news, Director Alex Haro sold 1,887 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total value of $120,692.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Synge sold 3,966 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total value of $253,665.36. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,559 shares of company stock valued at $1,525,548 over the last 90 days. 8.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LIF. Citizens Jmp downgraded shares of Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th. DA Davidson started coverage on shares of Life360 in a research report on Thursday, December 11th. They issued a “buy” rating and a $94.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. UBS Group reduced their target price on shares of Life360 from $110.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Stifel Nicolaus lowered their price target on Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.31.

Life360 Price Performance

Shares of LIF stock opened at $45.08 on Friday. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $112.54. The company has a current ratio of 6.26, a quick ratio of 6.62 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $56.39 and its 200-day moving average is $76.77. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 25.76 and a beta of 3.84.

Life360 Profile

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.