Us (Ttgp) Ltd. Sc Sells 107,795 Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $33.12, for a total transaction of $3,570,170.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Us (Ttgp) Ltd. Sc also recently made the following trade(s):

• On Wednesday, August 19th, Us (Ttgp) Ltd. Sc sold 34,821 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $32.82, for a total value of $1,142,825.22.

Ethos Technologies Inc. Class A Common Stock Price Performance

NASDAQ:LIFE opened at $34.16 on Friday. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $35.69. The company has a market cap of $2.18 billion and a price-to-earnings ratio of -11.99. The business has a fifty day moving average of $22.50.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.34. The company had revenue of $189.56 million for the quarter. The firm’s revenue was up 113.5% compared to the same quarter last year. On average, sell-side analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Citizens Jmp boosted their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a report on Tuesday, August 4th. Weiss Ratings cut shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. Finally, William Blair set a $33.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ethos Technologies Inc. Class A Common Stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.29.

Ethos Technologies Inc. Class A Common Stock News Roundup

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

• Neutral Sentiment: The insider transactions were executed under pre-arranged Rule 10b5-1 trading plans, which suggests the sales may have been scheduled in advance rather than signaling a sudden deterioration in management’s outlook. CEO Peter Colis and President Lingke Wang continue to own roughly 1.54 million shares each. SEC insider sale filing
• Negative Sentiment: Company executives sold a combined 183,592 shares for approximately $6.1 million. President Lingke Wang sold 118,333 shares, CEO Peter Colis sold 56,524 shares across two transactions, and Chief Accounting Officer Brandt Walter Kucharski sold 8,735 shares. The sales reduce their individual holdings and may be viewed negatively after the stock’s strong run. Executive transaction filings
• Negative Sentiment: Major shareholder Us (Ttgp) Ltd. Sc sold an additional 142,616 shares for approximately $4.7 million across August 19 and 20. Continued selling by a large shareholder increases the available supply of shares and could weigh on sentiment, although the filings do not indicate that the proceeds reflect company-specific concerns. Major shareholder transaction filing

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC purchased a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,847 shares of the company’s stock, valued at approximately $69,000. 61.72% of the stock is owned by institutional investors.

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.