Lingke Wang Sells 118,333 Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) President Lingke Wang sold 118,333 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $33.29, for a total transaction of $3,939,305.57. Following the completion of the transaction, the president owned 1,537,543 shares of the company’s stock, valued at $51,184,806.47. This represents a 7.15% decrease in their ownership of the stock. The sale 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.

Lingke Wang also recently made the following trade(s):

• On Monday, August 17th, Lingke Wang sold 22,623 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.28, for a total transaction of $775,516.44.

Ethos Technologies Inc. Class A Common Stock Stock Up 1.9%

NASDAQ:LIFE opened at $34.16 on Friday. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $35.69. The company has a market cap of $2.18 billion and a PE ratio of -11.99. The firm has a 50-day moving average price of $22.50.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million during the quarter. The company’s quarterly revenue was up 113.5% on a year-over-year basis. Equities analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Citizens Jmp raised their price objective 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 report on Tuesday, August 4th. William Blair set a $33.00 target price on Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. JPMorgan Chase & Co. upped their target price on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Robert W. Baird increased their price target on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.29.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

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 Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,847 shares of the company’s stock, valued at approximately $69,000. Hedge funds and other institutional investors own 61.72% of the company’s stock.

More Ethos Technologies Inc. Class A Common Stock News

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

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.