Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Sells $954,668.00 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter George Colis sold 28,600 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $33.38, for a total value of $954,668.00. Following the transaction, the chief executive officer directly owned 1,537,360 shares in the company, valued at approximately $51,317,076.80. This represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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, August 19th, Peter George Colis sold 27,924 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $33.00, for a total value of $921,492.00.
• 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 Stock Performance

LIFE stock opened at $34.16 on Monday. The company has a market capitalization of $2.18 billion and a P/E ratio of -11.99. Ethos Technologies Inc. Class A Common Stock has a twelve month low of $9.45 and a twelve month high of $35.69. The business’s fifty day moving average price is $22.50.

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 (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.34. The firm had revenue of $189.56 million for the quarter. The company’s revenue for the quarter was up 113.5% on a year-over-year basis. On average, analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

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

An institutional investor 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 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 and hedge funds own 61.72% of the company’s stock.

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

Analyst Ratings Changes

A number of research firms have issued reports on LIFE. 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 report on Tuesday, May 26th. Wall Street Zen raised shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. The Goldman Sachs Group reissued a “buy” rating and set a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Robert W. Baird increased their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Finally, William Blair set a $33.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Six 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, Ethos Technologies Inc. Class A Common Stock currently has a consensus rating of “Moderate Buy” and an average 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.