Key Points
- CEO Peter Colis sold 40,000 shares of Ethos Technologies (NASDAQ: LIFE) at an average price of $37.77, generating $1.51 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1.54 million shares.
- Colis has made several additional stock sales since August, including another 40,000 shares on October 14, indicating continued insider selling while retaining a substantial ownership stake.
- LIFE shares traded at $37.52, near their 52-week high of $42.55. The company recently reported stronger-than-expected quarterly earnings and 113.5% year-over-year revenue growth, while analysts maintain a consensus “Moderate Buy” rating.
Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CEO Peter Colis sold 40,000 shares of the business's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $37.77, for a total transaction of $1,510,800.00. Following the completion of the sale, the chief executive officer owned 1,537,360 shares in the company, valued at approximately $58,066,087.20. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 Wednesday, October 14th, Peter Colis sold 40,000 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $39.07, for a total value of $1,562,800.00.
- On Thursday, September 17th, Peter Colis sold 23,333 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $38.85, for a total value of $906,487.05.
- 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 transaction 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 stock was sold at an average price of $33.00, for a total transaction 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 transaction of $1,002,909.56.
Ethos Technologies Inc. Class A Common Stock Price Performance
NASDAQ:LIFE traded down $1.24 during mid-day trading on Friday, reaching $37.52. 1,203,338 shares of the stock were exchanged, compared to its average volume of 1,526,881. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $42.55. The company has a 50 day moving average of $36.47. The firm has a market capitalization of $2.39 billion and a PE ratio of -13.16.
Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.34. The business had revenue of $189.56 million for the quarter. Ethos Technologies Inc. Class A Common Stock's quarterly revenue was up 113.5% on a year-over-year basis. Sell-side analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal year.
Institutional Investors Weigh In On Ethos Technologies Inc. Class A Common Stock
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new stake in Ethos Technologies Inc. Class A Common Stock during the 2nd quarter worth approximately $6,191,000. State Street Corp purchased a new position in Ethos Technologies Inc. Class A Common Stock in the second quarter valued at approximately $932,000. Glynn Capital Management LLC acquired a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter valued at approximately $15,999,000. Zevenbergen Capital Investments LLC purchased a new stake in Ethos Technologies Inc. Class A Common Stock during the third quarter worth approximately $720,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in Ethos Technologies Inc. Class A Common Stock during the third quarter worth approximately $317,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. The Goldman Sachs Group restated a "buy" rating and set a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Citizens Jmp increased their price target on shares of Ethos Technologies Inc. Class A Common Stock from $33.00 to $40.00 and gave the company a "market outperform" rating in a research report on Monday, October 12th. Robert W. Baird increased their price target 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. Barclays raised their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. Finally, Citigroup restated a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Monday, October 12th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.62.
View Our Latest Report on Ethos Technologies Inc. Class A Common Stock
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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