Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Sells $1,562,800.00 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter Colis sold 40,000 shares of the stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $39.07, for a total value of $1,562,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at approximately $60,064,655.20. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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, October 16th, Peter Colis sold 40,000 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $37.77, for a total value of $1,510,800.00.
• On Thursday, September 17th, Peter Colis sold 23,333 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $38.85, for a total value of $906,487.05.
• 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 stock was sold at an average price of $33.00, for a total transaction 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 transaction of $1,002,909.56.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of NASDAQ:LIFE traded down $1.24 during midday trading on Friday, hitting $37.52. The company’s stock had a trading volume of 1,203,338 shares, compared to its average volume of 858,987. The business’s 50 day moving average is $36.35. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $42.55. The stock has a market cap of $2.39 billion and a P/E ratio of -13.16.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued 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 company had revenue of $189.56 million for the quarter. The business’s revenue was up 113.5% compared to the same quarter last year. Sell-side analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LIFE shares. Barclays boosted 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 report on Tuesday, August 4th. Weiss Ratings upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Citizens Jmp upped their price target on Ethos Technologies Inc. Class A Common Stock from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. cut Ethos Technologies Inc. Class A Common Stock from an “overweight” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Thursday, October 1st. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.62.

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

Hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth $32,000. Cisco Systems Inc. acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $81,000. Triumph Capital Management acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $160,000. TD Waterhouse Canada Inc. acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $317,000. Finally, Zevenbergen Capital Investments LLC purchased a new stake in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth about $720,000. 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.