Citigroup Inc. Buys 459,463 Shares of Life360, Inc. $LIF

Citigroup Inc. grew its stake in Life360, Inc. (NASDAQ:LIF) by 158.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 749,569 shares of the company’s stock after purchasing an additional 459,463 shares during the quarter. Citigroup Inc. owned approximately 0.97% of Life360 worth $79,679,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after acquiring an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Life360 by 12.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock worth $5,327,000 after purchasing an additional 15,420 shares during the last quarter. Strs Ohio purchased a new stake in Life360 in the 1st quarter valued at about $157,000. Emerald Advisers LLC lifted its position in shares of Life360 by 3.8% during the 2nd quarter. Emerald Advisers LLC now owns 281,229 shares of the company’s stock worth $18,350,000 after buying an additional 10,412 shares in the last quarter. Finally, Regal Partners Ltd purchased a new position in shares of Life360 in the 2nd quarter worth approximately $326,000. Institutional investors own 20.00% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lauren Antonoff sold 19,442 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $76.24, for a total transaction of $1,482,258.08. Following the completion of the transaction, the chief executive officer directly owned 305,385 shares in the company, valued at $23,282,552.40. The trade was a 5.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alex Haro sold 100,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $76.45, for a total transaction of $7,645,000.00. Following the completion of the transaction, the director directly owned 861,315 shares in the company, valued at approximately $65,847,531.75. The trade was a 10.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 592,875 shares of company stock valued at $45,486,817 in the last three months.

Life360 Price Performance

Shares of NASDAQ LIF opened at $50.61 on Monday. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79. The company has a market cap of $3.97 billion, a P/E ratio of 148.85 and a beta of 3.80. Life360, Inc. has a 52 week low of $29.62 and a 52 week high of $112.54. The business has a 50-day simple moving average of $59.74 and a two-hundred day simple moving average of $79.05.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. DA Davidson began coverage on Life360 in a research note on Thursday, December 11th. They issued a “buy” rating and a $94.00 price objective for the company. Wall Street Zen lowered shares of Life360 from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Zacks Research lowered Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Stifel Nicolaus dropped their price target on Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 price target on shares of Life360 in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

About Life360

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.