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

Key Points

• CEO Peter Colis sold 40,000 LIFE shares at an average price of $37.77, generating $1.51 million. The Rule 10b5-1 transaction reduced his ownership by 2.54%, leaving him with 1.54 million shares.
• Colis has made several additional sales since August, indicating a series of planned insider disposals. The latest sale followed a 40,000-share sale on October 14 at $39.07.
• LIFE traded at $37.52, with a $2.39 billion market capitalization, while analysts maintain a “Moderate Buy” consensus and an average price target of $35.62. The company recently beat quarterly EPS estimates and reported 113.5% year-over-year revenue growth.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CEO Peter Colis sold 40,000 shares of the business's stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $37.77, for a total value of $1,510,800.00. Following the completion of the sale, the chief executive officer owned 1,537,360 shares of the company's stock, valued at $58,066,087.20. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Wednesday, October 14th, Peter Colis sold 40,000 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $39.07, for a total value of $1,562,800.00.
• On Thursday, September 17th, Peter Colis sold 23,333 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was 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 stock was 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 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 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 shares were sold at an average price of $34.18, for a total transaction of $1,002,909.56.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of NASDAQ:LIFE traded down $1.24 during trading on Friday, reaching $37.52. 1,203,338 shares of the company's stock traded hands, compared to its average volume of 858,987. The stock has a market cap of $2.39 billion and a PE ratio of -13.16. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $42.55. The company's 50 day moving average is $36.35.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.34. The business had revenue of $189.56 million during the quarter. The company's revenue was up 113.5% on a year-over-year basis. On average, research analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LIFE shares. William Blair set a $33.00 price target on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Barclays upped their price objective 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. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Weiss Ratings raised 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, Citizens Jmp raised their target price on Ethos Technologies Inc. Class A Common Stock from $33.00 to $40.00 and gave the company a "market outperform" rating in a research note on Monday. Six research 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.62.

Institutional Investors Weigh In On Ethos Technologies Inc. Class A Common Stock

Large investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock during the third quarter worth approximately $317,000. Cisco Systems Inc. bought a new position in Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth approximately $81,000. Triumph Capital Management acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at approximately $160,000. Zevenbergen Capital Investments LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at approximately $720,000. Finally, Glynn Capital Management LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at approximately $15,999,000. Institutional investors and hedge funds own 61.72% of the company's stock.

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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