California Public Employees Retirement System Has $4.14 Million Holdings in Life360, Inc. $LIF

California Public Employees Retirement System cut its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 19.0% during the 1st quarter, Holdings Channel reports. The firm owned 101,401 shares of the company’s stock after selling 23,793 shares during the period. California Public Employees Retirement System’s holdings in Life360 were worth $4,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Strive Financial Group LLC bought a new stake in shares of Life360 in the fourth quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in Life360 during the fourth quarter worth approximately $32,000. NewEdge Advisors LLC bought a new position in Life360 during the 3rd quarter worth $32,000. IFP Advisors Inc bought a new position in Life360 during the 3rd quarter worth $47,000. Finally, Advisors Asset Management Inc. raised its holdings in Life360 by 136.6% in the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after acquiring an additional 519 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Price Performance

Shares of LIF opened at $48.86 on Monday. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54. The company has a market cap of $3.96 billion, a P/E ratio of 28.24 and a beta of 2.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. The firm has a 50 day simple moving average of $48.93 and a two-hundred day simple moving average of $48.63.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LIF. Macquarie Infrastructure began coverage on Life360 in a research report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price for the company. Morgan Stanley started coverage on Life360 in a research report on Tuesday, July 21st. They issued an “overweight” rating and a $66.24 price target on the stock. Evercore set a $68.00 price target on Life360 in a research note on Tuesday, May 12th. Wall Street Zen cut shares of Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Citigroup increased their price objective on shares of Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Life360 currently has an average rating of “Moderate Buy” and a consensus price target of $64.81.

Insiders Place Their Bets

In other news, Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $56.07, for a total transaction of $224,280.00. Following the completion of the transaction, the director owned 24,431 shares of the company’s stock, valued at approximately $1,369,846.17. The trade was a 14.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 16,042 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $47.07, for a total value of $755,096.94. Following the sale, the director owned 406,899 shares of the company’s stock, valued at approximately $19,152,735.93. This represents a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 57,006 shares of company stock worth $2,614,066. 6.80% of the stock is owned by company insiders.

Life360 Company 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.