Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CFO Christopher Capozzi Sells 80,586 Shares

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CFO Christopher Capozzi sold 80,586 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $22.13, for a total value of $1,783,368.18. Following the completion of the sale, the chief financial officer owned 665,228 shares in the company, valued at approximately $14,721,495.64. This represents a 10.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ethos Technologies Inc. Class A Common Stock Price Performance

LIFE opened at $19.08 on Wednesday. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $32.50.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its quarterly earnings results on Tuesday, March 17th. The company reported $0.42 earnings per share for the quarter. The firm had revenue of $110.08 million during the quarter.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LIFE. Barclays upped their price target on Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Weiss Ratings upgraded Ethos Technologies Inc. Class A Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citizens Jmp increased their target price on Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the company a “market outperform” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.00.

Key Ethos Technologies Inc. Class A Common Stock News

Here are the key news stories impacting Ethos Technologies Inc. Class A Common Stock this week:

• Negative Sentiment: CEO Peter George Colis sold 60,035 shares, the CFO Christopher M. Capozzi sold 80,586 shares, the CAO Brandt Walter Kucharski sold 5,823 shares, and President Lingke Wang sold 46,349 shares. While the company said these sales were made to cover tax withholding tied to equity award vesting, the large cluster of insider transactions can still weigh on investor sentiment. Article Title
• Negative Sentiment: Major shareholder 2019 Gp L.L.C. Gv also sold a combined 147,552 shares across two recent transactions, adding to concerns that larger holders may be trimming exposure. Article Title
• Neutral Sentiment: The company’s most recent quarterly results showed EPS of $0.42 on revenue of $110.08 million, which provides a solid operational backdrop, but the earnings report is older than the insider-sale headlines driving trading now.
• Neutral Sentiment: Analyst commentary remains mixed-to-positive overall, with Citizens JMP and Barclays setting $27 price targets, though one recent downgrade to “sell” has introduced some caution.

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.