Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Sells $1,324,972.45 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter George Colis sold 60,035 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $22.07, for a total transaction of $1,324,972.45. Following the sale, the chief executive officer owned 751,150 shares of the company’s stock, valued at $16,577,880.50. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ethos Technologies Inc. Class A Common Stock Trading Down 7.9%

Shares of Ethos Technologies Inc. Class A Common Stock stock traded down $1.64 during trading on Tuesday, reaching $19.08. The company’s stock had a trading volume of 426,361 shares, compared to its average volume of 537,257. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $32.50.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its earnings results on Tuesday, March 17th. The company reported $0.42 earnings per share for the quarter. The business had revenue of $110.08 million for the quarter.

Ethos Technologies Inc. Class A Common Stock News Summary

Here are the key news stories impacting Ethos Technologies Inc. Class A Common Stock this week:

• Negative Sentiment: CEO Peter George Colis sold 60,035 shares, the CFO Christopher M. Capozzi sold 80,586 shares, the CAO Brandt Walter Kucharski sold 5,823 shares, and President Lingke Wang sold 46,349 shares. While the company said these sales were made to cover tax withholding tied to equity award vesting, the large cluster of insider transactions can still weigh on investor sentiment. Article Title
• Negative Sentiment: Major shareholder 2019 Gp L.L.C. Gv also sold a combined 147,552 shares across two recent transactions, adding to concerns that larger holders may be trimming exposure. Article Title
• Neutral Sentiment: The company’s most recent quarterly results showed EPS of $0.42 on revenue of $110.08 million, which provides a solid operational backdrop, but the earnings report is older than the insider-sale headlines driving trading now.
• Neutral Sentiment: Analyst commentary remains mixed-to-positive overall, with Citizens JMP and Barclays setting $27 price targets, though one recent downgrade to “sell” has introduced some caution.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LIFE. Barclays increased their price target on shares of Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Weiss Ratings raised Ethos Technologies Inc. Class A Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Citizens Jmp boosted their price target on Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the company a “market outperform” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen downgraded Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.00.

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.