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

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) President Lingke Wang sold 118,333 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $38.36, for a total transaction of $4,539,253.88. Following the transaction, the president directly owned 1,537,543 shares of the company’s stock, valued at $58,980,149.48. This represents a 7.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction 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 shares were 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 Price Performance

LIFE stock traded down $1.24 during mid-day trading on Friday, reaching $37.52. The company had a trading volume of 1,203,338 shares, compared to its average volume of 1,526,881. The company has a market capitalization of $2.39 billion and a P/E ratio of -13.16. Ethos Technologies Inc. Class A Common Stock has a 52 week low of $9.45 and a 52 week high of $42.55. The stock’s 50 day moving average is $36.47.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million during the quarter. The firm’s revenue was up 113.5% on a year-over-year basis. As a group, equities analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal year.

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

Hedge funds have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new position in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at approximately $317,000. Cisco Systems Inc. acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth approximately $81,000. Triumph Capital Management acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth approximately $160,000. Zevenbergen Capital Investments LLC bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at $720,000. Finally, Glynn Capital Management LLC bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at $15,999,000. 61.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LIFE. Bank of America reiterated a “buy” rating and set a $38.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Thursday, September 24th. JPMorgan Chase & Co. downgraded Ethos Technologies Inc. Class A Common Stock from an “overweight” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Thursday, October 1st. 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. Weiss Ratings upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. 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 research report on Monday, October 12th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.62.

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.