Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter George Colis Sells 40,000 Shares of Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter Colis sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $39.07, for a total transaction of $1,562,800.00. Following the transaction, the chief executive officer owned 1,537,360 shares of the company’s stock, valued at approximately $60,064,655.20. This represents a 2.54% decrease in their position. The sale was disclosed in a legal filing 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 Friday, October 16th, Peter Colis sold 40,000 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $37.77, for a total transaction of $1,510,800.00.
• On Thursday, September 17th, Peter Colis sold 23,333 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $38.85, for a total value of $906,487.05.
• On Wednesday, September 16th, Peter Colis sold 23,334 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $39.82, for a total value of $929,159.88.
• On Friday, August 21st, Peter Colis sold 28,600 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $33.38, for a total transaction of $954,668.00.
• On Wednesday, August 19th, Peter Colis sold 27,924 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $33.00, for a total value of $921,492.00.
• On Monday, August 17th, Peter 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 Stock Down 3.2%

Shares of NASDAQ:LIFE traded down $1.24 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. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $42.55. The business has a 50 day moving average of $36.47. The firm has a market capitalization of $2.39 billion and a price-to-earnings ratio of -13.16.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.19 by $0.34. The business had revenue of $189.56 million for the quarter. The firm’s revenue for the quarter 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 year.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

Hedge funds have recently made changes to their positions in the company. 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 Ethos Technologies Inc. Class A Common Stock during the third quarter worth $81,000. Triumph Capital Management acquired a new stake in Ethos Technologies Inc. Class A Common Stock during the third quarter worth $160,000. Zevenbergen Capital Investments LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock during the third quarter worth $720,000. Finally, Glynn Capital Management LLC purchased a new stake in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $15,999,000. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on LIFE. Bank of America restated 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. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Weiss Ratings upgraded Ethos Technologies Inc. Class A Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Finally, Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Monday, October 12th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.62.

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.