Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Brandt Walter Kucharski Sells 77,436 Shares

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Brandt Walter Kucharski sold 77,436 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $34.93, for a total value of $2,704,839.48. Following the transaction, the chief accounting officer directly owned 105,994 shares of the company’s stock, valued at approximately $3,702,370.42. This represents a 42.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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 stock was sold at an average price of $34.26, for a total value of $192,232.86.

Ethos Technologies Inc. Class A Common Stock Price Performance

NASDAQ LIFE opened at $34.01 on Wednesday. The company has a 50-day moving average of $21.47. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $35.69. The company has a market cap of $2.17 billion and a price-to-earnings ratio of -11.93.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share 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% on a year-over-year basis. On average, analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.13 earnings per share for the current year.

Trending Headlines about Ethos Technologies Inc. Class A Common Stock

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

• Neutral Sentiment: Although the sales involve the CEO, president, CFO and chief accounting officer, each transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and was used to cover tax-withholding obligations tied to vested equity awards. This makes the transactions less indicative of a deliberate loss of confidence in the company. SEC filing for CEO sale
• Neutral Sentiment: Executives continued to hold substantial positions after the sales: CEO Peter George Colis retained 1.57 million shares, President Lingke Wang retained 1.57 million, and CFO Christopher M. Capozzi retained 639,044 shares. The CAO also retained 100,383 shares. SEC filing for CFO sale
• Negative Sentiment: The concentration of sales by multiple top executives could weigh on sentiment, particularly after LIFE’s strong run toward its 52-week high. The transactions reduced individual holdings by roughly 1.4% to 42.2%, with the CAO’s larger reduction potentially attracting additional attention. SEC filing for CAO sales

Hedge Funds Weigh In On Ethos Technologies Inc. Class A Common Stock

A hedge fund recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,847 shares of the company’s stock, valued at approximately $69,000. Institutional investors own 61.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on LIFE shares. Robert W. Baird raised their price target on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Citizens Jmp upped their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 4th. Citigroup reiterated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Weiss Ratings downgraded shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research note on Tuesday, May 26th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.29.

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.