Peter George Colis Sells 28,600 Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter George Colis sold 28,600 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $33.38, for a total value of $954,668.00. Following the completion of the sale, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at $51,317,076.80. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter George Colis also recently made the following trade(s):

• On Wednesday, August 19th, Peter George 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 George Colis sold 29,342 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $34.18, for a total transaction of $1,002,909.56.

Ethos Technologies Inc. Class A Common Stock Trading Up 1.9%

NASDAQ:LIFE opened at $34.16 on Friday. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $35.69. The firm’s fifty day moving average is $22.50. The firm has a market cap of $2.18 billion and a PE ratio of -11.99.

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 (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.34. The company had revenue of $189.56 million during the quarter. The company’s revenue for the quarter was up 113.5% compared to the same quarter last year. On average, research analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on LIFE. The Goldman Sachs Group reissued a “buy” rating and set a $35.00 target price 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 report on Tuesday, August 4th. Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Robert W. Baird boosted their price objective on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their target price 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 equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.29.

Key Stories 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

An institutional investor recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC purchased 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,129 shares of the company’s stock, valued at approximately $189,000. 61.72% of the stock is owned by institutional investors.

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.