Triodos Investment Management BV Sells 10,000 Shares of Life360, Inc. $LIF

Triodos Investment Management BV trimmed its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 26.3% in the third quarter, Holdings Channel.com reports. The firm owned 28,000 shares of the company’s stock after selling 10,000 shares during the quarter. Triodos Investment Management BV’s holdings in Life360 were worth $2,974,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its stake in Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after buying an additional 239 shares in the last quarter. CWM LLC raised its holdings in shares of Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after acquiring an additional 160 shares during the period. Jones Financial Companies Lllp lifted its position 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 acquiring an additional 499 shares in the last quarter. State of Wyoming acquired a new position in Life360 in the 2nd quarter worth $96,000. Finally, Ameritas Investment Partners Inc. increased its holdings in Life360 by 53.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company’s stock worth $107,000 after purchasing an additional 570 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on LIF. Wall Street Zen cut Life360 from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. UBS Group cut their target price on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. DA Davidson initiated coverage on shares of Life360 in a research note on Thursday, December 11th. They set a “buy” rating and a $94.00 price target for the company. Finally, Citigroup reiterated a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Life360 currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Activity

In other news, Director Chris Hulls sold 311,749 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was 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 $36,217,647.90. This represents a 39.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles J. Prober sold 7,930 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $68.30, for a total value of $541,619.00. Following the completion of the sale, the director directly owned 105,456 shares of the company’s stock, valued at approximately $7,202,644.80. The trade was a 6.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 597,421 shares of company stock worth $45,832,768. Corporate insiders own 8.00% of the company’s stock.

Life360 Stock Performance

LIF opened at $50.61 on Friday. The business’s 50-day simple moving average is $59.74 and its 200 day simple moving average is $79.04. Life360, Inc. has a 52-week low of $29.62 and a 52-week high of $112.54. 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 firm has a market capitalization of $3.97 billion, a PE ratio of 148.85 and a beta of 3.79.

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.