Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Brandt Walter Kucharski Sells 8,735 Shares of Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Brandt Walter Kucharski sold 8,735 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $32.47, for a total transaction of $283,625.45. Following the completion of the transaction, the chief accounting officer directly owned 91,648 shares of the company’s stock, valued at approximately $2,975,810.56. The trade was a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brandt Walter Kucharski also recently made the following trade(s):

• On Monday, August 17th, Brandt Walter Kucharski sold 5,611 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.26, for a total value of $192,232.86.
• On Friday, August 14th, Brandt Walter Kucharski sold 77,436 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.93, for a total value of $2,704,839.48.

Ethos Technologies Inc. Class A Common Stock Stock Up 1.9%

LIFE stock opened at $34.16 on Friday. The firm has a market capitalization of $2.18 billion and a PE ratio of -11.99. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $35.69. The stock’s 50-day moving average price is $22.50.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million during the quarter. The company’s revenue for the quarter was up 113.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC bought a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,129 shares of the company’s stock, valued at approximately $189,000. Institutional investors own 61.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citizens Jmp increased their target price on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 4th. Barclays increased their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Weiss Ratings lowered Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. Robert W. Baird increased their price target on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Finally, William Blair set a $33.00 price target on Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.29.

Ethos Technologies Inc. Class A Common Stock News Roundup

Here are the key news stories impacting Ethos Technologies Inc. Class A Common Stock this week:

• Neutral Sentiment: The insider transactions were executed under pre-arranged Rule 10b5-1 trading plans, which suggests the sales may have been scheduled in advance rather than signaling a sudden deterioration in management’s outlook. CEO Peter Colis and President Lingke Wang continue to own roughly 1.54 million shares each. SEC insider sale filing
• Negative Sentiment: Company executives sold a combined 183,592 shares for approximately $6.1 million. President Lingke Wang sold 118,333 shares, CEO Peter Colis sold 56,524 shares across two transactions, and Chief Accounting Officer Brandt Walter Kucharski sold 8,735 shares. The sales reduce their individual holdings and may be viewed negatively after the stock’s strong run. Executive transaction filings
• Negative Sentiment: Major shareholder Us (Ttgp) Ltd. Sc sold an additional 142,616 shares for approximately $4.7 million across August 19 and 20. Continued selling by a large shareholder increases the available supply of shares and could weigh on sentiment, although the filings do not indicate that the proceeds reflect company-specific concerns. Major shareholder transaction filing

Ethos Technologies Inc. Class A Common Stock Company Profile

Ethos Technologies Inc operates a technology-driven, direct-to-consumer platform for the distribution of life insurance products. Through its digital underwriting, data analytics, and proprietary technology, it enables consumers to explore, compare, and purchase life insurance policies online. The platform serves consumers, agents, and insurance carriers, and supports the application and policy issuance process through an online interface. The company works with insurance carriers to offer life insurance products in the United States through digital channels and independent agents.