Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter George Colis Sells 29,342 Shares

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter George Colis sold 29,342 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $34.18, for a total transaction of $1,002,909.56. Following the sale, the chief executive officer directly owned 1,565,960 shares of the company’s stock, valued at approximately $53,524,512.80. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ethos Technologies Inc. Class A Common Stock Trading Down 3.3%

Shares of NASDAQ LIFE opened at $34.01 on Wednesday. The firm has a fifty 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 firm has a market cap of $2.17 billion and a P/E ratio of -11.93.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.34. The company had revenue of $189.56 million for the quarter. The business’s revenue was up 113.5% on a year-over-year basis. As a group, equities analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.13 earnings per share for the current fiscal year.

Ethos Technologies Inc. Class A Common Stock News Summary

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 stake 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) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,129 shares of the company’s stock, valued at approximately $189,000. 61.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on LIFE. Citizens Jmp upped their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 4th. William Blair set a $33.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Weiss Ratings lowered 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 research note on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.29.

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.