Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Sells $921,492.00 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter George Colis sold 27,924 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $33.00, for a total value of $921,492.00. Following the sale, the chief executive officer owned 1,565,960 shares of the company’s stock, valued at $51,676,680. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 21st, Peter George Colis sold 28,600 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $33.38, for a total value of $954,668.00.
• On Monday, August 17th, Peter George Colis sold 29,342 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.18, for a total value of $1,002,909.56.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of NASDAQ:LIFE opened at $34.16 on Monday. The business’s 50-day moving average price is $22.50. The stock has a market cap of $2.18 billion and a PE ratio of -11.99. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $35.69.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.19 by $0.34. The business had revenue of $189.56 million during the quarter. The business’s revenue for the quarter was up 113.5% on a year-over-year basis. Research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LIFE. Citizens Jmp lifted their target price 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 report on Tuesday, August 4th. Wall Street Zen upgraded Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Barclays raised their price objective on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price objective on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, Weiss Ratings downgraded Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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

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) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,129 shares of the company’s stock, valued at approximately $189,000. 61.72% of the stock is currently owned by hedge funds and other institutional investors.

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.