Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CAO Brandt Walter Kucharski sold 5,611 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $34.26, for a total transaction of $192,232.86. Following the completion of the sale, the chief accounting officer owned 100,383 shares of the company's stock, valued at $3,439,121.58. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Brandt Walter Kucharski also recently made the following trade(s):
- On Friday, August 14th, Brandt Walter Kucharski sold 77,436 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $34.93, for a total value of $2,704,839.48.
Ethos Technologies Inc. Class A Common Stock Trading Down 3.3%
Shares of NASDAQ LIFE opened at $34.01 on Wednesday. The stock's 50 day simple moving average is $21.47. The firm has a market capitalization of $2.17 billion and a P/E ratio of -11.93. Ethos Technologies Inc. Class A Common Stock has a twelve month low of $9.45 and a twelve month high of $35.69.
Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.34. The business had revenue of $189.56 million during the quarter. The firm's revenue was up 113.5% compared to the same quarter last year. Equities analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current fiscal year.
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 bought a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,847 shares of the company's stock, valued at approximately $69,000. 61.72% of the stock is owned by hedge funds and other institutional investors.
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: Although the sales involve the CEO, president, CFO and chief accounting officer, each transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and was used to cover tax-withholding obligations tied to vested equity awards. This makes the transactions less indicative of a deliberate loss of confidence in the company. SEC filing for CEO sale
- Neutral Sentiment: Executives continued to hold substantial positions after the sales: CEO Peter George Colis retained 1.57 million shares, President Lingke Wang retained 1.57 million, and CFO Christopher M. Capozzi retained 639,044 shares. The CAO also retained 100,383 shares. SEC filing for CFO sale
- Negative Sentiment: The concentration of sales by multiple top executives could weigh on sentiment, particularly after LIFE’s strong run toward its 52-week high. The transactions reduced individual holdings by roughly 1.4% to 42.2%, with the CAO’s larger reduction potentially attracting additional attention. SEC filing for CAO sales
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Ethos Technologies Inc. Class A Common Stock from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. William Blair set a $33.00 price target on shares of Ethos Technologies Inc. Class A Common Stock 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 company an "overweight" rating in a research note on Monday, July 13th. Robert W. Baird boosted their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, August 4th. Finally, Citizens Jmp upped their target price on 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. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $32.29.
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About Ethos Technologies Inc. Class A Common Stock
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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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