Regal Partners Ltd Trims Stock Position in Life360, Inc. (NASDAQ:LIF)

Regal Partners Ltd lessened its stake in shares of Life360, Inc. (NASDAQ:LIF) by 45.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 395,407 shares of the company’s stock after selling 334,297 shares during the quarter. Life360 comprises about 1.4% of Regal Partners Ltd’s holdings, making the stock its 20th biggest holding. Regal Partners Ltd owned 0.53% of Life360 worth $15,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. WealthPlan Investment Management LLC lifted its position in shares of Life360 by 8.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock worth $383,000 after buying an additional 738 shares during the last quarter. XY Capital Ltd lifted its position in shares of Life360 by 157.4% during the 3rd quarter. XY Capital Ltd now owns 16,295 shares of the company’s stock worth $641,000 after buying an additional 9,965 shares during the last quarter. Emerald Advisers LLC lifted its position in shares of Life360 by 6.0% during the 3rd quarter. Emerald Advisers LLC now owns 221,679 shares of the company’s stock worth $8,723,000 after buying an additional 12,458 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in shares of Life360 by 0.4% during 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 during the last quarter. Finally, Ausbil Investment Management Ltd purchased a new stake in shares of Life360 during the 3rd quarter worth approximately $2,749,000.

Life360 Stock Performance

Shares of LIF opened at $44.15 on Thursday. The firm has a fifty day moving average price of $40.88. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $48.90.

Insider Buying and Selling at Life360

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

Analyst Ratings Changes

LIF has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. JMP Securities upped their price target on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. Jefferies Financial Group initiated coverage on shares of Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 price target for the company. UBS Group upped their price target on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Loop Capital upped their price target on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Life360 presently has a consensus rating of “Buy” and an average price target of $42.88.

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.