Porch Group (NASDAQ:PRCH) Stock: Insider Shawn Tabak Sells 6,690 Shares

Porch Group, Inc. (NASDAQ:PRCH) CFO Shawn Tabak sold 6,690 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $17.35, for a total value of $116,071.50. Following the transaction, the chief financial officer directly owned 206,059 shares of the company’s stock, valued at approximately $3,575,123.65. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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 Monday, October 5th, Shawn Tabak sold 2,746 shares of Porch Group stock. The stock was sold at an average price of $16.83, for a total value of $46,215.18.
• On Wednesday, August 5th, Shawn Tabak sold 25,000 shares of Porch Group stock. The shares were sold at an average price of $16.21, for a total value of $405,250.00.

Porch Group Stock Up 1.3%

Shares of NASDAQ PRCH opened at $17.53 on Friday. Porch Group, Inc. has a one year low of $6.36 and a one year high of $18.37. The company has a debt-to-equity ratio of 20.53, a current ratio of 1.45 and a quick ratio of 1.45. The business’s fifty day moving average price is $16.72 and its 200-day moving average price is $12.74. The stock has a market capitalization of $2.31 billion, a PE ratio of -146.08 and a beta of 3.18.

Porch Group (NASDAQ:PRCH) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.08. Porch Group had a negative return on equity of 68.47% and a negative net margin of 2.67%.The company had revenue of $131.81 million during the quarter, compared to analyst estimates of $122.30 million. On average, equities research analysts anticipate that Porch Group, Inc. will post -0.09 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Porch Group during the second quarter valued at $128,995,000. GC Wealth Management RIA LLC purchased a new position in Porch Group during the first quarter worth about $29,230,000. Park West Asset Management LLC bought a new position in Porch Group in the 2nd quarter worth about $53,194,000. Granahan Investment Management LLC increased its stake in Porch Group by 20.3% in the 4th quarter. Granahan Investment Management LLC now owns 11,590,428 shares of the company’s stock worth $105,821,000 after acquiring an additional 1,953,736 shares during the last quarter. Finally, Jupiter Topco LLC purchased a new stake in shares of Porch Group in the 2nd quarter valued at about $21,979,000. Institutional investors own 48.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PRCH shares. Cantor Fitzgerald raised their price objective on shares of Porch Group from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, September 25th. Benchmark lifted their price target on Porch Group from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Keefe, Bruyette & Woods increased their price objective on Porch Group from $16.25 to $16.50 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Texas Capital upgraded Porch Group to a “strong-buy” rating in a research note on Tuesday, September 22nd. Finally, Weiss Ratings upgraded Porch Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.75.

Trending Headlines about Porch Group

Here are the key news stories impacting Porch Group this week:

• Positive Sentiment: Porch Group’s second-quarter performance remains the main bullish catalyst. The company reported earnings of $0.05 per share versus expectations for a $0.03 loss, while revenue of $131.8 million exceeded the $122.3 million consensus estimate. Reports also highlighted stronger profitability and a guidance reset that improved the outlook. Porch Group stock gains as Q2 profit and guidance reset outlook
• Positive Sentiment: Analyst sentiment is broadly supportive, with a consensus rating of “Moderate Buy” and an average price target of $18.75. Several firms have recently raised their targets, including B. Riley Financial to $21 and Cantor Fitzgerald to $20, reinforcing the recovery narrative following the earnings beat.
• Neutral Sentiment: A head-to-head survey compared Porch Group with ServiceTitan, but the available report information does not identify a clear new financial catalyst or specific recommendation for PRCH. Head-To-Head Survey: ServiceTitan vs. Porch Group
• Negative Sentiment: Multiple insiders reported sales from October 5–6, including the CEO, COO, CFO and a director. The transactions totaled roughly 123,000 shares, though the executive sales were described as covering tax-withholding obligations from vested equity awards and the director’s sale occurred under a Rule 10b5-1 plan. The activity may nevertheless create short-term selling pressure. Porch Group insider selling report
• Negative Sentiment: Porch Group remains unprofitable, with analysts expecting a full-year loss, so investors may be particularly sensitive to further insider selling or any deterioration in growth and guidance.

Porch Group Company Profile

Porch Group, Inc is a vertical software company focused on the home services industry. Through its technology platforms and related services, the company helps home-service businesses manage operations, attract customers, improve workflow efficiency and support transactions connected with buying, selling, maintaining and moving into homes.

Porch Group’s products and services have included customer relationship management, marketing and lead-generation tools, payments, workflow software and other business solutions for contractors and home-service professionals.