Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) President Sells 118,333 Shares of Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) President Lingke Wang sold 118,333 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $38.36, for a total value of $4,539,253.88. Following the completion of the transaction, the president owned 1,537,543 shares of the company’s stock, valued at $58,980,149.48. This trade represents a 7.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lingke Wang also recently made the following trade(s):

• On Thursday, September 17th, Lingke Wang sold 118,333 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $38.96, for a total value of $4,610,253.68.
• On Thursday, August 20th, Lingke Wang sold 118,333 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $33.29, for a total value of $3,939,305.57.
• On Monday, August 17th, Lingke Wang sold 22,623 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.28, for a total value of $775,516.44.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of NASDAQ:LIFE traded down $1.24 during midday trading on Friday, reaching $37.52. The company’s stock had a trading volume of 1,203,338 shares, compared to its average volume of 858,987. The firm has a market cap of $2.39 billion and a price-to-earnings ratio of -13.16. The company’s 50 day moving average is $36.35. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $42.55.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.34. The business had revenue of $189.56 million for the quarter. The company’s quarterly revenue was up 113.5% compared to the same quarter last year. Analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research note 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 research note on Saturday, August 8th. Robert W. Baird lifted 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 report on Tuesday, August 4th. Bank of America reaffirmed a “buy” rating and issued a $38.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Thursday, September 24th. Finally, Citizens Jmp upped their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $33.00 to $40.00 and gave the stock a “market outperform” rating in a report on Monday. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.62.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company acquired a new position in Ethos Technologies Inc. Class A Common Stock during the second quarter valued at approximately $6,191,000. State Street Corp acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock during the second quarter worth approximately $932,000. Glynn Capital Management LLC acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock during the third quarter worth approximately $15,999,000. Zevenbergen Capital Investments LLC bought a new stake in Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at $720,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at about $317,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

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.