Yorktown Management & Research Co Inc Makes New $371,000 Investment in Life360, Inc. (NASDAQ:LIF)

Yorktown Management & Research Co Inc purchased a new position in Life360, Inc. (NASDAQ:LIF) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 9,000 shares of the company’s stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Emerald Mutual Fund Advisers Trust grew its stake in Life360 by 0.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after buying an additional 736 shares in the last quarter. WealthPlan Investment Management LLC boosted its stake in shares of Life360 by 8.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock valued at $383,000 after purchasing an additional 738 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Life360 in the 3rd quarter valued at $98,000. SG Americas Securities LLC boosted its stake in shares of Life360 by 54.1% in the 4th quarter. SG Americas Securities LLC now owns 9,649 shares of the company’s stock valued at $398,000 after purchasing an additional 3,386 shares in the last quarter. Finally, First Dallas Securities Inc. boosted its stake in shares of Life360 by 50.4% in the 4th quarter. First Dallas Securities Inc. now owns 10,450 shares of the company’s stock valued at $431,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Insider Activity at Life360

In other news, Director Mark Goines sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $40.70, for a total transaction of $2,035,000.00. Following the sale, the director now owns 76,272 shares of the company’s stock, valued at $3,104,270.40. This trade represents a 39.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction dated 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 directly owns 158,066 shares in the company, valued at approximately $6,950,162.02. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 638,985 shares of company stock valued at $26,262,250.

Life360 Price Performance

Shares of LIF stock opened at $45.95 on Wednesday. Life360, Inc. has a one year low of $26.00 and a one year high of $52.76. The company’s 50-day moving average is $44.50 and its 200 day moving average is $41.00.

Analysts Set New Price Targets

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

About Life360

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.