Hodges Capital Management Inc. Acquires 18,000 Shares of Life360, Inc. (NASDAQ:LIF)

Hodges Capital Management Inc. lifted its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 18.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 116,493 shares of the company’s stock after buying an additional 18,000 shares during the quarter. Hodges Capital Management Inc.’s holdings in Life360 were worth $4,808,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in shares of Life360 in the third quarter worth approximately $98,000. MetLife Investment Management LLC purchased a new stake in Life360 during the 3rd quarter valued at $139,000. KBC Group NV bought a new stake in Life360 in the 4th quarter worth $147,000. SG Americas Securities LLC purchased a new position in shares of Life360 in the third quarter valued at about $246,000. Finally, First Dallas Securities Inc. bought a new position in shares of Life360 during the third quarter valued at about $273,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Stock Down 4.2 %

Shares of LIF stock opened at $45.72 on Monday. The business’s fifty day moving average is $44.49 and its 200 day moving average is $40.83. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Life360 news, CEO Chris Hulls sold 556,569 shares of Life360 stock in a transaction on Friday, November 15th. The stock was sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the transaction, the chief executive officer now owns 952,696 shares in the company, valued at approximately $39,079,589.92. The trade was a 36.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.78, for a total value of $145,205.12. Following the completion of the sale, the chief financial officer now directly owns 148,754 shares in the company, valued at approximately $6,958,712.12. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 638,985 shares of company stock worth $26,262,250.

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.