Wealthstream Advisors Inc. Buys Shares of 903,131 Life360, Inc. (NASDAQ:LIF)

Wealthstream Advisors Inc. purchased a new position in Life360, Inc. (NASDAQ:LIF) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 903,131 shares of the company’s stock, valued at approximately $35,538,000. Life360 comprises approximately 6.5% of Wealthstream Advisors Inc.’s investment portfolio, making the stock its 5th largest position. Wealthstream Advisors Inc. owned 1.22% of Life360 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Regal Partners Ltd acquired a new position in Life360 during the second quarter valued at approximately $23,635,000. XY Capital Ltd bought a new stake in shares of Life360 in the 2nd quarter valued at $205,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Life360 during the 2nd quarter worth $5,488,000. Emerald Advisers LLC acquired a new position in Life360 in the second quarter valued at about $6,777,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Life360 during the second quarter worth about $43,000.

Life360 Trading Down 8.2 %

LIF stock opened at $44.15 on Thursday. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $48.90. The stock’s fifty day moving average price is $41.02.

Insider Buying and Selling at Life360

In other news, Director Charles J. Prober sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the completion of the sale, the director now owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Life360 news, Director Charles J. Prober sold 40,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the sale, the director now owns 106,742 shares in the company, valued at approximately $3,463,777.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Synge sold 33,617 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $37.04, for a total value of $1,245,173.68. Following the transaction, the director now owns 291,944 shares of the company’s stock, valued at $10,813,605.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,088 shares of company stock valued at $2,672,781 in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have commented on LIF shares. Loop Capital raised their target price on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group initiated coverage on shares of Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company. JMP Securities lifted their price target on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday. UBS Group upped their price objective on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus increased their price objective on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $44.75.

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.