Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Major Shareholder Sells $1,142,825.22 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFEGet Free Report) major shareholder Us (Ttgp) Ltd. Sc sold 34,821 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $32.82, for a total value of $1,142,825.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Us (Ttgp) Ltd. Sc also recently made the following trade(s):

  • On Thursday, August 20th, Us (Ttgp) Ltd. Sc sold 107,795 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $33.12, for a total value of $3,570,170.40.

Ethos Technologies Inc. Class A Common Stock Stock Performance

LIFE stock opened at $34.16 on Monday. The stock has a 50 day moving average of $22.50. The company has a market capitalization of $2.18 billion and a PE ratio of -11.99. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $35.69.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFEGet Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.34. The company had revenue of $189.56 million during the quarter. The company’s quarterly revenue was up 113.5% compared to the same quarter last year. Equities analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 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 acquired a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFEFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,847 shares of the company’s stock, valued at approximately $69,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LIFE. Weiss Ratings downgraded shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. The Goldman Sachs Group restated a “buy” rating and set a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Barclays lifted their price target 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. Finally, JPMorgan Chase & Co. increased 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 report on Monday, July 13th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.29.

View Our Latest Stock Analysis on LIFE

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

Ethos Technologies Inc. Class A Common Stock Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE)

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