Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Sells $128,455.38 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Brandt Walter Kucharski sold 5,823 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.06, for a total transaction of $128,455.38. Following the transaction, the chief accounting officer directly owned 183,430 shares of the company’s stock, valued at approximately $4,046,465.80. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 Stock Down 7.9%

Shares of NASDAQ:LIFE traded down $1.64 during trading on Tuesday, hitting $19.08. 426,361 shares of the stock traded hands, compared to its average volume of 537,257. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $32.50.

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

Trending Headlines about Ethos Technologies Inc. Class A Common Stock

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

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

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.