Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Brandt Walter Kucharski Sells 5,611 Shares of Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Brandt Walter Kucharski sold 5,611 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $34.26, for a total transaction of $192,232.86. Following the completion of the transaction, the chief accounting officer directly owned 100,383 shares of the company’s stock, valued at approximately $3,439,121.58. The trade was a 5.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brandt Walter Kucharski also recently made the following trade(s):

• On Friday, August 14th, Brandt Walter Kucharski sold 77,436 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.93, for a total value of $2,704,839.48.

Ethos Technologies Inc. Class A Common Stock Price Performance

LIFE opened at $34.01 on Wednesday. The firm has a market cap of $2.17 billion and a P/E ratio of -11.93. The firm has a 50-day moving average price of $21.47. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $35.69.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings data 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 firm had revenue of $189.56 million for the quarter. The firm’s revenue was up 113.5% compared to the same quarter last year. Research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current year.

Institutional Investors Weigh In On Ethos Technologies Inc. Class A Common Stock

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 Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,847 shares of the company’s stock, valued at approximately $69,000. 61.72% of the stock is currently owned by institutional investors.

Key Headlines Impacting Ethos Technologies Inc. Class A Common Stock

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

Analysts Set New Price Targets

A number of brokerages have recently commented on LIFE. 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 reaffirmed a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. 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 raised shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, 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 research note on Monday, July 13th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ethos Technologies Inc. Class A Common Stock currently has an average rating of “Moderate Buy” and an average target price 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.