Porch Group, Inc. (NASDAQ:PRCH – Get Free Report) CFO Shawn Tabak sold 8,367 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $7.87, for a total transaction of $65,848.29. Following the transaction, the chief financial officer owned 390,289 shares of the company’s stock, valued at approximately $3,071,574.43. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Shawn Tabak also recently made the following trade(s):
- On Tuesday, April 21st, Shawn Tabak sold 7,730 shares of Porch Group stock. The shares were sold at an average price of $8.12, for a total transaction of $62,767.60.
- On Tuesday, April 14th, Shawn Tabak sold 17,697 shares of Porch Group stock. The shares were sold at an average price of $6.84, for a total transaction of $121,047.48.
- On Thursday, April 9th, Shawn Tabak sold 7,734 shares of Porch Group stock. The shares were sold at an average price of $7.15, for a total transaction of $55,298.10.
- On Tuesday, April 7th, Shawn Tabak sold 9,344 shares of Porch Group stock. The shares were sold at an average price of $7.19, for a total transaction of $67,183.36.
Porch Group Trading Down 4.5%
Shares of Porch Group stock opened at $7.69 on Friday. The firm has a market capitalization of $957.10 million, a PE ratio of -153.80 and a beta of 3.09. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 17.20. The firm’s 50 day moving average is $7.64 and its 200 day moving average is $9.58. Porch Group, Inc. has a 1 year low of $5.06 and a 1 year high of $19.44.
Analyst Ratings Changes
A number of analysts have recently commented on PRCH shares. Zacks Research raised Porch Group from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Benchmark reissued a “buy” rating on shares of Porch Group in a research note on Friday, January 16th. Keefe, Bruyette & Woods raised Porch Group from a “market perform” rating to an “outperform” rating and cut their price target for the company from $13.00 to $10.50 in a research note on Wednesday, February 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Porch Group in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.21.
View Our Latest Analysis on PRCH
Institutional Investors Weigh In On Porch Group
Large investors have recently modified their holdings of the company. Osbon Capital Management LLC acquired a new stake in shares of Porch Group during the fourth quarter worth $25,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Porch Group by 956.3% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,521 shares of the company’s stock worth $26,000 after buying an additional 1,377 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Porch Group by 444.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,836 shares of the company’s stock worth $31,000 after buying an additional 1,499 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Porch Group during the 4th quarter worth approximately $38,000. Finally, RiverPark Advisors LLC bought a new position in shares of Porch Group during the 3rd quarter worth approximately $39,000. 48.48% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Porch Group
Here are the key news stories impacting Porch Group this week:
- Positive Sentiment: Analysts maintain bullish tilt — Street consensus is a “Moderate Buy,” which supports demand and gives the stock fundamental cover against short-term weakness. Analyst Consensus
- Positive Sentiment: Institutional ownership has risen: recent filings cited in analyst coverage show firms like Vanguard and JPMorgan increasing stakes, which can provide a stabilizing base for the stock. MarketBeat PRCH
- Neutral Sentiment: Market attention and trading activity have picked up — coverage notes increased interest and volatility in the technology/home-services sector that includes Porch; this can amplify moves in either direction but does not by itself change fundamentals. KalkineMedia
- Negative Sentiment: Significant insider selling reported — CEO Matt Ehrlichman sold sizeable tranches (including ~113,862 shares and a separate ~121,242-share sale), the COO and CFO also sold shares in recent filings. While company disclosures say many sales were to cover tax withholding on vested awards, the volume of insider sales can be perceived negatively and is likely a material factor driving today’s decline. AmericanBankingNews: Insider Selling InsiderTrades Alert
Porch Group Company Profile
Porch Group, Inc operates a technology-driven home services platform designed to connect homeowners with professional contractors, maintenance providers and home improvement specialists. Through its online marketplace and proprietary software solutions, Porch enables users to research, compare and book services ranging from home repairs and remodeling to maintenance and renovations. The company’s platform integrates detailed provider profiles, customer reviews and real-time appointment scheduling to streamline the process of sourcing and managing home projects.
In addition to its core marketplace, Porch offers software products tailored for service professionals.
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