Healthcare of Ontario Pension Plan Trust Fund Sells 95,845 Shares of Porch Group, Inc. $PRCH

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in Porch Group, Inc. (NASDAQ:PRCH) by 81.2% in the first quarter, Holdings Channel.com reports. The firm owned 22,200 shares of the company’s stock after selling 95,845 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Porch Group were worth $159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Osbon Capital Management LLC bought a new position in shares of Porch Group in the 4th quarter valued at about $25,000. Aster Capital Management DIFC Ltd grew its position in shares of Porch Group by 97.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,002 shares of the company’s stock worth $27,000 after buying an additional 1,481 shares during the period. Larson Financial Group LLC raised its stake in shares of Porch Group by 444.8% during the third 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 during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Porch Group during the fourth quarter worth approximately $38,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Porch Group by 697.8% in the first quarter. PNC Financial Services Group Inc. now owns 9,390 shares of the company’s stock valued at $67,000 after buying an additional 8,213 shares during the period. 48.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Matt Ehrlichman sold 122,881 shares of Porch Group stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $10.52, for a total transaction of $1,292,708.12. Following the transaction, the chief executive officer directly owned 16,208,253 shares of the company’s stock, valued at $170,510,821.56. This trade represents a 0.75% 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. Also, COO Matthew Neagle sold 63,650 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $10.52, for a total transaction of $669,598.00. Following the completion of the transaction, the chief operating officer directly owned 2,113,032 shares of the company’s stock, valued at $22,229,096.64. This trade represents a 2.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 1,012,281 shares of company stock worth $10,696,082. Insiders own 27.78% of the company’s stock.

Key Stories Impacting Porch Group

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

• Positive Sentiment: Porch Group swung to adjusted earnings of $0.05 per share, beating the consensus estimate of a $0.04 loss and improving from break-even earnings a year earlier. Revenue also exceeded expectations, supported by strong sales growth. Porch Group Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management issued a 2026 revenue outlook and projected approximately $122 million in adjusted EBITDA at the midpoint, signaling expectations for continued earnings growth as its Insurance Services business scales. Porch Projects 2026 Adjusted EBITDA
• Positive Sentiment: The combination of record profitability, stronger sales and the company’s forward outlook prompted a sharp premarket share-price reaction. Porch Swings to Earnings in Q2
• Positive Sentiment: Analysts raised their targets following the results: Benchmark increased its target to $23 with a Buy rating, Cantor Fitzgerald raised its target to $18 with an Overweight rating, and Keefe, Bruyette & Woods lifted its target to $16.50 while maintaining Market Perform. Analyst Price Target Changes
• Neutral Sentiment: Porch Group said its overall risk profile remains unchanged but directed investors to the risk disclosures in its 2026 Form 10-K. The disclosure does not appear to introduce an immediate change to the investment case, although it highlights the importance of reviewing regulatory risks. Porch Group Risk Profile Disclosure

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PRCH. Cantor Fitzgerald raised their price objective on shares of Porch Group from $13.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings upgraded shares of Porch Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday. Benchmark increased their price target on Porch Group from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday. Stephens began coverage on Porch Group in a research report on Monday, May 4th. They issued an “overweight” rating and a $12.00 price target on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on Porch Group from $16.25 to $16.50 and gave the stock a “market perform” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Porch Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.42.

Porch Group Stock Performance

Shares of NASDAQ:PRCH opened at $14.45 on Monday. The firm’s 50 day simple moving average is $12.42 and its 200 day simple moving average is $9.68. 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 market capitalization of $1.85 billion, a price-to-earnings ratio of -120.42 and a beta of 3.15. The company has a debt-to-equity ratio of 20.53, a current ratio of 1.45 and a quick ratio of 1.45.

Porch Group (NASDAQ:PRCH) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. Porch Group had a negative net margin of 2.67% and a negative return on equity of 68.47%. The firm had revenue of $131.81 million during the quarter, compared to analysts’ expectations of $122.30 million. As a group, sell-side analysts forecast that Porch Group, Inc. will post -0.06 earnings per share for the current year.

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.