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

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) President Lingke Wang sold 118,333 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $38.96, for a total transaction of $4,610,253.68. Following the sale, the president directly owned 1,537,543 shares of the company’s stock, valued at $59,902,675.28. The trade was a 7.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lingke Wang also recently made the following trade(s):

• On Thursday, August 20th, Lingke Wang sold 118,333 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $33.29, for a total transaction 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 transaction of $775,516.44.

Ethos Technologies Inc. Class A Common Stock Trading Down 1.1%

LIFE stock traded down $0.40 during midday trading on Friday, reaching $36.00. 2,684,900 shares of the company’s stock traded hands, compared to its average volume of 784,761. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $42.55. The company has a market cap of $2.30 billion and a PE ratio of -12.63. The stock’s 50-day moving average is $30.37.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released 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. The business’s quarterly revenue was up 113.5% compared to the same quarter last year. Sell-side analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citizens Jmp lifted their target price on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 4th. Citigroup restated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Barclays raised their price objective on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. boosted their price objective 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. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.29.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company bought a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 341,279 shares of the company’s stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned 0.54% of Ethos Technologies Inc. Class A Common Stock as of its most recent filing with the SEC. 61.72% of the stock is currently owned by institutional investors.

Ethos Technologies Inc. Class A Common Stock Company Profile

Ethos Technologies Inc is a special purpose acquisition company (SPAC) whose Class A common stock trades on the Nasdaq Stock Market under the symbol LIFE. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.

Unlike an operating company, Ethos Technologies does not currently appear to have established products, services, or significant commercial operations of its own.