First Dallas Securities Inc. Raises Stock Position in Life360, Inc. (NASDAQ:LIF)

First Dallas Securities Inc. increased its stake in Life360, Inc. (NASDAQ:LIF) by 50.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,450 shares of the company’s stock after acquiring an additional 3,500 shares during the period. First Dallas Securities Inc.’s holdings in Life360 were worth $431,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in Life360 in the third quarter worth $98,000. MetLife Investment Management LLC acquired a new stake in Life360 during the 3rd quarter worth about $139,000. KBC Group NV purchased a new position in shares of Life360 during the 4th quarter valued at approximately $147,000. SG Americas Securities LLC acquired a new stake in Life360 during the third quarter valued at $246,000. Finally, XTX Topco Ltd acquired a new position in shares of Life360 in the third quarter worth about $280,000. 20.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LIF. JMP Securities raised their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Stifel Nicolaus boosted their price target on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Canaccord Genuity Group lifted their target price on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $47.63.

Life360 Stock Down 2.2 %

LIF stock opened at $44.71 on Tuesday. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $52.76. The company has a fifty day simple moving average of $44.51 and a 200 day simple moving average of $40.92.

Insider Activity at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $43.97, for a total transaction of $136,482.88. Following the sale, the chief financial officer now owns 158,066 shares of the company’s stock, valued at approximately $6,950,162.02. This represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 dated Tuesday, November 19th. The stock was sold at an average price of $41.50, for a total transaction of $415,000.00. Following the completion of the sale, the director now owns 41,628 shares in the company, valued at $1,727,562. This represents a 19.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 638,985 shares of company stock valued at $26,262,250 in the last three months.

Life360 Company 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.