Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock: Insider Peter George Colis Sells 40,000 Shares

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter Colis sold 40,000 shares of the firm’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $37.77, for a total value of $1,510,800.00. Following the transaction, the chief executive officer directly owned 1,537,360 shares in the company, valued at $58,066,087.20. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter George Colis also recently made the following trade(s):

• On Wednesday, October 14th, Peter Colis sold 40,000 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $39.07, for a total transaction of $1,562,800.00.
• On Thursday, September 17th, Peter Colis sold 23,333 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $38.85, for a total transaction of $906,487.05.
• On Wednesday, September 16th, Peter Colis sold 23,334 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $39.82, for a total transaction of $929,159.88.
• On Friday, August 21st, Peter Colis sold 28,600 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $33.38, for a total transaction of $954,668.00.
• On Wednesday, August 19th, Peter Colis sold 27,924 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $33.00, for a total transaction of $921,492.00.
• On Monday, August 17th, Peter Colis sold 29,342 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $34.18, for a total transaction of $1,002,909.56.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of NASDAQ:LIFE traded down $1.24 during trading on Friday, reaching $37.52. The company had a trading volume of 1,203,338 shares, compared to its average volume of 858,987. The business’s fifty day moving average is $36.35. The firm has a market cap of $2.39 billion and a price-to-earnings ratio of -13.16. Ethos Technologies Inc. Class A Common Stock has a twelve month low of $9.45 and a twelve month high of $42.55.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.34. The company had revenue of $189.56 million during the quarter. The firm’s revenue was up 113.5% compared to the same quarter last year. On average, research analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Analyst Upgrades and Downgrades

LIFE has been the topic of several research analyst reports. Robert W. Baird lifted 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. Bank of America reissued a “buy” rating and issued a $38.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Thursday, September 24th. The Goldman Sachs Group restated a “buy” rating and issued a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, William Blair set a $33.00 target price on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.62.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

Hedge funds and other institutional investors have recently made changes to their positions in the business. Glynn Capital Management LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock during the third quarter valued at approximately $15,999,000. The Manufacturers Life Insurance Company bought a new stake in Ethos Technologies Inc. Class A Common Stock during the second quarter worth approximately $6,191,000. State Street Corp acquired a new position in Ethos Technologies Inc. Class A Common Stock in the second quarter worth approximately $932,000. Zevenbergen Capital Investments LLC acquired a new position in Ethos Technologies Inc. Class A Common Stock in the third quarter worth approximately $720,000. Finally, TD Waterhouse Canada Inc. acquired a new position in Ethos Technologies Inc. Class A Common Stock in the third quarter worth approximately $317,000. 61.72% of the stock is currently owned by institutional investors.

About Ethos Technologies Inc. Class A Common Stock

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.