Insider Selling: 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 Ethos Technologies Inc. Class A Common Stock stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $33.00, for a total transaction of $921,492.00. Following the transaction, the chief executive officer owned 1,565,960 shares in the company, valued at approximately $51,676,680. This trade represents a 1.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 transaction 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 Stock Up 1.9%

NASDAQ:LIFE traded up $0.64 during trading hours on Friday, hitting $34.16. 849,535 shares of the company were exchanged, compared to its average volume of 669,243. The company has a market cap of $2.18 billion and a PE ratio of -11.99. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $35.69. The business’s fifty day moving average is $22.13.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.19 by $0.34. The company had revenue of $189.56 million for the quarter. The business’s quarterly revenue was up 113.5% compared to the same quarter last year. On average, research analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and 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 institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on LIFE. Citizens Jmp lifted their price objective on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 4th. Barclays increased their target price on shares of 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. William Blair set a $33.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price target on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, Robert W. Baird upped 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 research note on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.