Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Major Shareholder Us (Ttgp) Ltd. Sc Sells 34,821 Shares

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) major shareholder Us (Ttgp) Ltd. Sc sold 34,821 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $32.82, for a total value of $1,142,825.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Us (Ttgp) Ltd. Sc also recently made the following trade(s):

• On Thursday, August 20th, Us (Ttgp) Ltd. Sc sold 107,795 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $33.12, for a total value of $3,570,170.40.

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

Shares of NASDAQ:LIFE opened at $34.16 on Friday. The company’s 50 day moving average is $22.50. The company has a market cap of $2.18 billion and a P/E ratio of -11.99. 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 released its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.34. The firm had revenue of $189.56 million during the quarter. The firm’s revenue for the quarter was up 113.5% compared to the same quarter last year. On average, research analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Analyst Ratings Changes

LIFE has been the topic of several research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. JPMorgan Chase & Co. increased their target price on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. William Blair set a $33.00 target price on Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Finally, Citizens Jmp boosted their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.29.

Hedge Funds Weigh In On Ethos Technologies Inc. Class A Common Stock

A hedge fund recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC purchased a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the second quarter, according to its most recent filing with the SEC. The fund purchased 1,129 shares of the company’s stock, valued at approximately $189,000. Institutional investors own 61.72% of the company’s stock.

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:

• 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

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.