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

Key Points

• CEO Peter Colis sold 40,000 Ethos Technologies shares at an average price of $39.07, generating $1.56 million; the transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his stake by 2.54%.
• LIFE shares traded at $37.52, with a $2.39 billion market capitalization, while the company’s latest quarter beat earnings expectations and revenue rose 113.5% year over year.
• Institutional investors own 61.72% of the stock, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $35.62.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CEO Peter Colis sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $39.07, for a total value of $1,562,800.00. Following the completion of the sale, the chief executive officer owned 1,537,360 shares in the company, valued at approximately $60,064,655.20. This represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $906,487.05.
• On Wednesday, September 16th, Peter Colis sold 23,334 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $39.82, for a total transaction of $929,159.88.
• On Friday, August 21st, Peter Colis sold 28,600 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were 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 stock was sold at an average price of $33.00, for a total transaction 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 Performance

LIFE stock traded down $1.24 during midday trading on Friday, hitting $37.52. 1,203,338 shares of the stock traded hands, compared to its average volume of 858,987. The firm has a market capitalization of $2.39 billion and a price-to-earnings ratio of -13.16. The company's fifty day moving average is $36.35. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $42.55.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $189.56 million during the quarter. Ethos Technologies Inc. Class A Common Stock's revenue was up 113.5% on a year-over-year basis. Sell-side analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Hedge Funds Weigh In On Ethos Technologies Inc. Class A Common Stock

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glynn Capital Management LLC acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at about $15,999,000. The Manufacturers Life Insurance Company purchased a new stake in Ethos Technologies Inc. Class A Common Stock during the 2nd quarter worth approximately $6,191,000. State Street Corp purchased a new stake in Ethos Technologies Inc. Class A Common Stock during the 2nd quarter worth approximately $932,000. Zevenbergen Capital Investments LLC acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock during the third quarter valued at approximately $720,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock during the third quarter valued at approximately $317,000. 61.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LIFE. 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. Weiss Ratings raised Ethos Technologies Inc. Class A Common Stock from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. William Blair set a $33.00 price objective on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. The Goldman Sachs Group restated a "buy" rating and issued a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Finally, Bank of America reaffirmed a "buy" rating and set a $38.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Thursday, September 24th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.