Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Sells $906,487.05 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter Colis sold 23,333 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $38.85, for a total value of $906,487.05. Following the sale, the chief executive officer directly owned 1,537,360 shares in the company, valued at approximately $59,726,436. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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, September 16th, Peter Colis sold 23,334 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $39.82, for a total value of $929,159.88.
• On Friday, August 21st, Peter Colis sold 28,600 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was 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

Shares of LIFE traded down $0.40 during trading hours on Friday, hitting $36.00. The stock had a trading volume of 2,684,900 shares, compared to its average volume of 784,761. The business’s 50-day moving average is $30.37. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $42.55. The firm has a market cap of $2.30 billion and a price-to-earnings ratio of -12.63.

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

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

An institutional investor recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company bought a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 341,279 shares of the company’s stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned approximately 0.54% of Ethos Technologies Inc. Class A Common Stock at the end of the most recent reporting period. 61.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on LIFE shares. William Blair set a $33.00 price objective on Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Barclays boosted their price target 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 report on Tuesday, August 4th. Robert W. Baird increased 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 report on Tuesday, August 4th. Finally, Citizens Jmp raised their price target on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.29.

Ethos Technologies Inc. Class A Common Stock Company Profile

Ethos Technologies Inc is a special purpose acquisition company (SPAC) whose Class A common stock trades on the Nasdaq Stock Market under the symbol LIFE. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.

Unlike an operating company, Ethos Technologies does not currently appear to have established products, services, or significant commercial operations of its own.