Porch Group, Inc. (NASDAQ:PRCH) CFO Shawn Tabak Sells 10,000 Shares

Porch Group, Inc. (NASDAQ:PRCH) CFO Shawn Tabak sold 10,000 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $5.34, for a total transaction of $53,400.00. Following the transaction, the chief financial officer now owns 218,580 shares of the company’s stock, valued at approximately $1,167,217.20. This represents a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shawn Tabak also recently made the following trade(s):

• On Wednesday, February 26th, Shawn Tabak sold 108,226 shares of Porch Group stock. The shares were sold at an average price of $6.05, for a total value of $654,767.30.

Porch Group Price Performance

PRCH stock opened at $5.29 on Friday. Porch Group, Inc. has a one year low of $1.05 and a one year high of $8.49. The stock has a market cap of $635.14 million, a price-to-earnings ratio of -7.56 and a beta of 2.15. The company has a fifty day moving average price of $5.94 and a two-hundred day moving average price of $4.45.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PRCH. Benchmark raised their price target on Porch Group from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Stephens raised their target price on shares of Porch Group from $8.00 to $10.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Loop Capital raised shares of Porch Group from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Wednesday, February 26th. Oppenheimer increased their price target on shares of Porch Group from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Porch Group from $3.50 to $6.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $7.32.

Institutional Trading of Porch Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new stake in Porch Group during the first quarter worth approximately $29,000. Nisa Investment Advisors LLC lifted its holdings in Porch Group by 5,776.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,640 shares of the company’s stock worth $33,000 after purchasing an additional 6,527 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Porch Group during the 4th quarter worth approximately $35,000. Rik Saylor Financial Inc. bought a new stake in Porch Group in the 4th quarter valued at $49,000. Finally, Raymond James Financial Inc. acquired a new position in Porch Group in the 4th quarter valued at $50,000. Institutional investors own 48.48% of the company’s stock.

About Porch Group

Porch Group, Inc, together with its subsidiaries, operates a vertical software and insurance platform in the United States. The company operates in two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to inspection, mortgage, and title companies on a subscription and transactional basis, as well as move and post-move services.