Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Sells 27,924 Shares of Stock

Key Points

• CEO Peter George Colis sold 27,924 shares of Ethos Technologies at an average $33.00 per share, worth $921,492, under a pre-arranged Rule 10b5-1 trading plan. He retained 1,565,960 shares after the transaction.
• Colis has also sold shares in two other recent transactions, bringing the reported sales to more than $2.8 million across the three trades.
• Ethos reported quarterly EPS of $0.53, beating estimates of $0.19, while revenue rose 113.5% year over year to $189.56 million. The stock traded near $34.16, and analysts maintained a “Moderate Buy” consensus with an average price target of $32.29.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CEO Peter George Colis sold 27,924 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $33.00, for a total value of $921,492.00. Following the sale, the chief executive officer owned 1,565,960 shares of the company's stock, valued at approximately $51,676,680. This represents a 1.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, August 21st, Peter George 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 Monday, August 17th, Peter George 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 Price Performance

NASDAQ:LIFE traded up $0.64 during trading hours on Friday, reaching $34.16. 849,535 shares of the company were exchanged, compared to its average volume of 669,243. The firm has a market capitalization of $2.18 billion and a P/E ratio of -11.99. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $35.69. The firm has a 50 day moving average of $22.13.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate 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. On average, equities research analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current year.

Institutional Investors Weigh In On 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 bought a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,129 shares of the company's stock, valued at approximately $189,000. Hedge funds and other institutional investors own 61.72% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup restated a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. 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 report on Tuesday, August 4th. Barclays increased their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, William Blair set a $33.00 price objective on Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.29.

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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