Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter George Colis Sells 23,333 Shares of Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter Colis sold 23,333 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $38.85, for a total transaction of $906,487.05. Following the sale, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at approximately $59,726,436. This represents a 1.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, September 16th, Peter Colis sold 23,334 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $39.82, for a total transaction of $929,159.88.
• On Friday, August 21st, Peter 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 Wednesday, August 19th, Peter 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 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

NASDAQ:LIFE opened at $36.00 on Friday. The company’s 50 day moving average is $30.69. The company has a market capitalization of $2.30 billion and a price-to-earnings ratio of -12.63. Ethos Technologies Inc. Class A Common Stock has a 52 week low of $9.45 and a 52 week high of $42.55.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LIFE. Wall Street Zen raised shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. increased their price objective 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 report on Monday, July 13th. William Blair set a $33.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Citigroup restated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Finally, Robert W. Baird boosted their price objective on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.29.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

A hedge fund recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 341,279 shares of the company’s stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned about 0.54% of Ethos Technologies Inc. Class A Common Stock at the end of the most recent reporting period. 61.72% of the stock is currently owned by institutional investors and hedge funds.

About Ethos Technologies Inc. Class A Common Stock

Ethos Technologies Inc is a special purpose acquisition company (SPAC) whose Class A common stock trades on the Nasdaq Stock Market under the symbol LIFE. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.

Unlike an operating company, Ethos Technologies does not currently appear to have established products, services, or significant commercial operations of its own.