Brandt Walter Kucharski Sells 77,436 Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Brandt Walter Kucharski sold 77,436 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $34.93, for a total transaction of $2,704,839.48. Following the sale, the chief accounting officer directly owned 105,994 shares in the company, valued at approximately $3,702,370.42. This represents a 42.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Monday, August 17th, Brandt Walter Kucharski sold 5,611 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.26, for a total transaction of $192,232.86.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of NASDAQ:LIFE opened at $32.85 on Thursday. The stock’s 50 day moving average price is $21.80. The stock has a market cap of $2.09 billion and a price-to-earnings ratio of -11.53. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $35.69.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million for the quarter. The company’s quarterly revenue was up 113.5% compared to the same quarter last year. On average, sell-side analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and 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 and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays raised their target price on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. William Blair set a $33.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ethos Technologies Inc. Class A Common Stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.29.

Key Headlines Impacting Ethos Technologies Inc. Class A Common Stock

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

• Positive Sentiment: Ethos reported quarterly EPS of $0.53, well above the $0.19 analyst consensus, while revenue reached $189.56 million, up 113.5% year over year. The results reinforce the company’s growth momentum and may help support investor confidence. Ethos earnings and market data
• Positive Sentiment: Ethos CEO Peter Colis is scheduled to present at the Goldman Sachs Communacopia + Technology Conference on September 9. The event could increase institutional visibility and give management an opportunity to discuss growth prospects. Ethos conference announcement
• Neutral Sentiment: Analyst sentiment remains generally favorable, with six Buy ratings and one Sell rating and a “Moderate Buy” consensus. However, the reported average price target of $32.29 is below recent trading levels, suggesting expectations may already reflect much of the company’s improvement. Analyst ratings and targets
• Negative Sentiment: CEO Peter Colis, President Lingke Wang, CFO Christopher Capozzi and CAO Brandt Kucharski collectively sold shares worth millions of dollars. The transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity, and the executives retained sizable holdings, reducing the signal of management concern. Nevertheless, the concentration of insider selling—particularly the CAO’s larger reduction—could weigh on sentiment after LIFE’s sharp advance. Ethos insider sale filing

About Ethos Technologies Inc. Class A Common Stock

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.