Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Sells $283,625.45 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Brandt Walter Kucharski sold 8,735 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $32.47, for a total transaction of $283,625.45. Following the completion of the transaction, the chief accounting officer owned 91,648 shares of the company’s stock, valued at approximately $2,975,810.56. The trade was a 8.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 17th, Brandt Walter Kucharski sold 5,611 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.26, for a total value of $192,232.86.
• 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 Stock Performance

Ethos Technologies Inc. Class A Common Stock stock opened at $34.16 on Monday. The company has a market cap of $2.18 billion and a price-to-earnings ratio of -11.99. The business has a fifty day simple moving average of $22.50. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $35.69.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly 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 during the quarter. Ethos Technologies Inc. Class A Common Stock’s revenue was up 113.5% on a year-over-year basis. On average, research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

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: The insider transactions were executed under pre-arranged Rule 10b5-1 trading plans, which suggests the sales may have been scheduled in advance rather than signaling a sudden deterioration in management’s outlook. CEO Peter Colis and President Lingke Wang continue to own roughly 1.54 million shares each. SEC insider sale filing
• Negative Sentiment: Company executives sold a combined 183,592 shares for approximately $6.1 million. President Lingke Wang sold 118,333 shares, CEO Peter Colis sold 56,524 shares across two transactions, and Chief Accounting Officer Brandt Walter Kucharski sold 8,735 shares. The sales reduce their individual holdings and may be viewed negatively after the stock’s strong run. Executive transaction filings
• Negative Sentiment: Major shareholder Us (Ttgp) Ltd. Sc sold an additional 142,616 shares for approximately $4.7 million across August 19 and 20. Continued selling by a large shareholder increases the available supply of shares and could weigh on sentiment, although the filings do not indicate that the proceeds reflect company-specific concerns. Major shareholder transaction filing

Institutional Trading of 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 acquired a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,847 shares of the company’s stock, valued at approximately $69,000. 61.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LIFE shares. Citigroup reiterated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price target on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an “overweight” rating in a research note 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 note on Tuesday, August 4th. Barclays increased their price target on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus 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.