Brandt Walter Kucharski Sells 77,436 Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock

Key Points

• Chief Accounting Officer Brandt Walter Kucharski sold 77,436 shares of Ethos Technologies at an average price of $34.93, generating approximately $2.70 million. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity awards, reducing his ownership by 42.22%.
• Ethos Technologies shares fell 3.3% to $34.01, despite the company reporting quarterly earnings of $0.53 per share—well above the $0.19 consensus estimate—and 113.5% year-over-year revenue growth to $189.56 million.
• Analyst sentiment remains generally positive, with six Buy ratings and one Sell rating producing a “Moderate Buy” consensus and a $32.29 average price target. Institutional investors own 61.72% of the company.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CAO Brandt Walter Kucharski sold 77,436 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $34.93, for a total transaction of $2,704,839.48. Following the completion of the transaction, the chief accounting officer owned 105,994 shares in the company, valued at $3,702,370.42. This represents a 42.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brandt Walter Kucharski also recently made the following trade(s):

• On Monday, August 17th, Brandt Walter Kucharski sold 5,611 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.26, for a total transaction of $192,232.86.

Ethos Technologies Inc. Class A Common Stock Stock Down 3.3%

NASDAQ:LIFE traded down $1.16 during midday trading on Tuesday, hitting $34.01. The stock had a trading volume of 1,508,950 shares, compared to its average volume of 659,019. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $35.69. The stock has a market capitalization of $2.17 billion and a P/E ratio of -11.93. The company's 50-day simple moving average is $21.15.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last issued its 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 firm had revenue of $189.56 million during the quarter. Ethos Technologies Inc. Class A Common Stock's revenue was up 113.5% compared to the same quarter last year. As a group, research analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current year.

Wall Street Analysts Forecast Growth

LIFE has been the topic of several research reports. The Goldman Sachs Group reissued a "buy" rating and set a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. JPMorgan Chase & Co. upped their target price on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Barclays increased their target price on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company 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 research report on Tuesday, August 4th. Finally, William Blair set a $33.00 price objective on Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ethos Technologies Inc. Class A Common Stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.29.

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 stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,847 shares of the company's stock, valued at approximately $69,000. Hedge funds and other institutional investors own 61.72% of the company's stock.

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.

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