Ethos Technologies Inc. Class A Common Stock $LIFE Shares Newly Purchased by Glynn Capital Management LLC

Key Points

• Glynn Capital Management initiated a 476,575-share position in Ethos Technologies (LIFE), worth approximately $16 million and representing 4.7% of its portfolio. Institutional investors collectively own 61.72% of the company.
• Insiders have been selling shares, with company insiders disposing of 1.09 million shares valued at roughly $31.3 million over the past 90 days. CEO Peter Colis’s sale was reportedly to cover tax obligations related to vested equity awards.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $34.75 price target. Ethos recently exceeded quarterly EPS estimates and reported revenue growth of 113.5% year over year, while LIFE shares opened at $35.05.

Glynn Capital Management LLC purchased a new stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 476,575 shares of the company's stock, valued at approximately $15,999,000. Ethos Technologies Inc. Class A Common Stock comprises about 4.7% of Glynn Capital Management LLC's investment portfolio, making the stock its 5th largest position. Glynn Capital Management LLC owned about 0.75% of Ethos Technologies Inc. Class A Common Stock at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the second quarter worth approximately $6,191,000. State Street Corp acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 2nd quarter worth approximately $932,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth approximately $32,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ethos Technologies Inc. Class A Common Stock news, CEO Peter Colis sold 29,342 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $34.18, for a total transaction of $1,002,909.56. Following the completion of the sale, the chief executive officer directly owned 1,565,960 shares of the company's stock, valued at approximately $53,524,512.80. The trade was a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $33.12, for a total value of $3,570,170.40. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,093,107 shares of company stock valued at $31,271,566 over the last 90 days.

Wall Street Analysts Forecast Growth

LIFE has been the subject of several research analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Friday, August 21st. William Blair set a $33.00 target price on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Wall Street Zen upgraded Ethos Technologies Inc. Class A Common Stock from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Robert W. Baird lifted their price target on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Finally, Citizens Jmp upped their price target on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.75.

Ethos Technologies Inc. Class A Common Stock Stock Performance

NASDAQ:LIFE opened at $35.05 on Wednesday. The stock's fifty day moving average price is $34.47. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $42.55. The firm has a market cap of $2.23 billion and a P/E ratio of -12.30.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million during the quarter. The business's revenue for the quarter was up 113.5% compared to the same quarter last year. Analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal year.

Ethos Technologies Inc. Class A Common Stock Company Profile

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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