Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Sells 23,333 Shares of Stock

Key Points

• CEO Peter Colis sold 23,333 shares of Ethos Technologies (NASDAQ: LIFE) at an average price of $38.85, generating approximately $906,487. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan and reduced his holdings by 1.5%.
• Colis has made several additional sales since mid-August, totaling more than 100,000 shares across the disclosed transactions.
• LIFE shares fell 1.1% to $36.00, while the company recently reported stronger-than-expected quarterly earnings and 113.5% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus, though the company is a SPAC without established commercial operations.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CEO Peter Colis sold 23,333 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $38.85, for a total value of $906,487.05. Following the sale, the chief executive officer owned 1,537,360 shares of the company's stock, valued at approximately $59,726,436. This represents a 1.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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, 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 value 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 value 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 value 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 value of $1,002,909.56.

Ethos Technologies Inc. Class A Common Stock Trading Down 1.1%

NASDAQ LIFE traded down $0.40 during trading on Friday, hitting $36.00. The company's stock had a trading volume of 2,684,900 shares, compared to its average volume of 784,761. The company has a market capitalization of $2.30 billion and a P/E ratio of -12.63. The firm's 50 day moving average is $30.37. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $42.55.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.34. The business had revenue of $189.56 million for the quarter. The business's revenue for the quarter was up 113.5% on a year-over-year basis. On average, research analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citizens Jmp lifted their price objective 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 note on Tuesday, August 4th. The Goldman Sachs Group reissued 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. Citigroup restated a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Friday, August 21st. Finally, Robert W. Baird lifted their price target on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, Ethos Technologies Inc. Class A Common Stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.29.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company purchased a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 341,279 shares of the company's stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned about 0.54% of Ethos Technologies Inc. Class A Common Stock as of its most recent filing with the Securities and Exchange Commission (SEC). 61.72% of the stock is owned by hedge funds and other institutional investors.

Ethos Technologies Inc. Class A Common Stock Company Profile

Ethos Technologies Inc is a special purpose acquisition company (SPAC) whose Class A common stock trades on the Nasdaq Stock Market under the symbol LIFE. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.

Unlike an operating company, Ethos Technologies does not currently appear to have established products, services, or significant commercial operations of its own.

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