Porch Group (NASDAQ:PRCH) CFO Shawn Tabak Sells 10,610 Shares

Porch Group, Inc. (NASDAQ:PRCH) CFO Shawn Tabak sold 10,610 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $10.43, for a total transaction of $110,662.30. Following the completion of the transaction, the chief financial officer owned 342,405 shares in the company, valued at $3,571,284.15. This trade represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Friday, May 1st, Shawn Tabak sold 11,215 shares of Porch Group stock. The shares were sold at an average price of $9.79, for a total transaction of $109,794.85.
• On Tuesday, April 28th, Shawn Tabak sold 10,454 shares of Porch Group stock. The shares were sold at an average price of $8.11, for a total transaction of $84,781.94.
• On Friday, April 24th, Shawn Tabak sold 7,875 shares of Porch Group stock. The shares were sold at an average price of $7.68, for a total transaction of $60,480.00.
• On Tuesday, April 21st, Shawn Tabak sold 7,730 shares of Porch Group stock. The stock was sold at an average price of $8.12, for a total transaction of $62,767.60.
• On Friday, April 17th, Shawn Tabak sold 8,367 shares of Porch Group stock. The stock was sold at an average price of $7.87, for a total transaction of $65,848.29.
• 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 stock was sold at an average price of $7.15, for a total value of $55,298.10.
• On Tuesday, April 7th, Shawn Tabak sold 9,344 shares of Porch Group stock. The stock was sold at an average price of $7.19, for a total value of $67,183.36.

Porch Group Price Performance

NASDAQ PRCH opened at $11.28 on Friday. The business’s fifty day moving average is $7.89 and its 200 day moving average is $9.18. Porch Group, Inc. has a fifty-two week low of $6.36 and a fifty-two week high of $19.44. The company has a debt-to-equity ratio of 14.87, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $1.40 billion, a PE ratio of -66.35 and a beta of 3.24.

Porch Group (NASDAQ:PRCH) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. Porch Group had a negative return on equity of 115.59% and a negative net margin of 3.41%.The business had revenue of $109.44 million during the quarter, compared to analysts’ expectations of $94.72 million. Sell-side analysts predict that Porch Group, Inc. will post -0.04 earnings per share for the current year.

Institutional Trading of Porch Group

Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in Porch Group by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 29,657 shares of the company’s stock worth $350,000 after purchasing an additional 1,090 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Porch Group by 1.5% during the third quarter. Alliancebernstein L.P. now owns 80,410 shares of the company’s stock valued at $1,349,000 after buying an additional 1,200 shares during the period. Prudential Financial Inc. boosted its holdings in Porch Group by 9.4% during the 2nd quarter. Prudential Financial Inc. now owns 14,220 shares of the company’s stock valued at $168,000 after acquiring an additional 1,220 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in shares of Porch Group by 956.3% during the third quarter. Aster Capital Management DIFC Ltd now owns 1,521 shares of the company’s stock valued at $26,000 after purchasing an additional 1,377 shares during the period. Finally, Larson Financial Group LLC grew its stake in Porch Group by 444.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,836 shares of the company’s stock worth $31,000 after acquiring an additional 1,499 shares in the last quarter. Institutional investors own 48.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Zacks Research upgraded shares of Porch Group from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Benchmark increased their price objective on shares of Porch Group from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Stephens assumed coverage on shares of Porch Group in a research report on Monday. They set an “overweight” rating and a $12.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of Porch Group from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $13.00 to $10.50 in a research note on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Porch Group presently has an average rating of “Moderate Buy” and a consensus target price of $16.69.

Porch Group News Roundup

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

• Positive Sentiment: Q1 results and business model update look constructive — management’s shift to a fee-and-commission (reciprocal fee) model appears to be validated by Q1: renewal-written premium (RWP) +18% YoY, Insurance Services revenue +50%, adjusted EBITDA margin ~18% and raised full?year guidance — a combination that supports improving profitability and a re-rating case. Porch Group: The Reciprocal Fee Model The Market Is Still Mispricing
• Positive Sentiment: Analyst support and higher price targets — several firms have recently lifted coverage/targets (Benchmark raised its target and gave a Buy; Stephens initiated with Overweight), supporting upside narrative and institutional interest. MarketBeat PRCH Analyst Notes
• Neutral Sentiment: Insider sales disclosed as tax-related — multiple Form 4 filings show CEO, COO and CFO sold shares in early May; company filings state many of these sales were to cover tax withholding on vested awards, which can be routine. Insider Selling: Porch Group COO Sells 60,802 Shares
• Negative Sentiment: Scale and pace of insider selling may create near-term selling pressure — the CEO (Matt Ehrlichman), COO (Matthew Neagle) and CFO (Shawn Tabak) have sold large blocks repeatedly in recent weeks (six-figure and seven-figure transactions), which investors often view as a negative signal even when explained as tax-related. Matt Ehrlichman Sells 124,089 Shares
• Negative Sentiment: Company still carries operational/financial risks — negative net margin and a high debt-to-equity ratio remain headwinds; continued execution is required to sustain the valuation gap vs. peers. MarketBeat PRCH Profile

About Porch Group

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.