ExodusPoint Capital Management LP Invests $3.95 Million in Life360, Inc. (NASDAQ:LIF)

ExodusPoint Capital Management LP acquired a new stake in shares of Life360, Inc. (NASDAQ:LIF) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 95,602 shares of the company’s stock, valued at approximately $3,945,000.

A number of other institutional investors have also recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock valued at $22,269,000 after purchasing an additional 432,292 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Life360 during the third quarter valued at $7,995,000. Geode Capital Management LLC increased its position in shares of Life360 by 39.2% in the 4th quarter. Geode Capital Management LLC now owns 181,587 shares of the company’s stock valued at $7,494,000 after acquiring an additional 51,129 shares during the period. Swiss National Bank purchased a new position in Life360 in the 4th quarter worth $5,717,000. Finally, Bank of New York Mellon Corp lifted its position in Life360 by 1,007.8% during the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company’s stock worth $5,397,000 after acquiring an additional 118,974 shares during the period. Institutional investors and hedge funds own 20.00% of the company’s stock.

Insider Transactions at Life360

In other Life360 news, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $37.86, for a total transaction of $118,312.50. Following the transaction, the director now owns 34,286 shares in the company, valued at approximately $1,298,067.96. This represents a 8.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Susan L. Stick sold 2,822 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the completion of the sale, the general counsel now directly owns 86,752 shares in the company, valued at approximately $3,650,524.16. The trade was a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,814 shares of company stock valued at $7,038,344 in the last 90 days.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Life360 from a “neutral” rating to a “buy” rating and increased their price objective for the company from $52.00 to $55.00 in a report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $47.63.

Life360 Stock Down 13.5 %

NASDAQ:LIF opened at $31.78 on Monday. The firm’s fifty day moving average is $42.68 and its two-hundred day moving average is $43.13. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The company had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Research analysts forecast that Life360, Inc. will post -0.17 earnings per share 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.