Porch Group (NASDAQ:PRCH) COO Sells $678,031.25 in Stock

Porch Group, Inc. (NASDAQ:PRCH) COO Matthew Neagle sold 40,625 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $16.69, for a total transaction of $678,031.25. Following the transaction, the chief operating officer owned 1,900,080 shares of the company’s stock, valued at $31,712,335.20. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Matthew Neagle also recently made the following trade(s):

• On Tuesday, October 6th, Matthew Neagle sold 27,881 shares of Porch Group stock. The shares were sold at an average price of $17.35, for a total transaction of $483,735.35.
• On Monday, October 5th, Matthew Neagle sold 7,318 shares of Porch Group stock. The shares were sold at an average price of $16.83, for a total transaction of $123,161.94.
• On Monday, September 14th, Matthew Neagle sold 50,000 shares of Porch Group stock. The stock was sold at an average price of $16.46, for a total transaction of $823,000.00.

Porch Group Stock Up 0.8%

PRCH opened at $17.31 on Thursday. Porch Group, Inc. has a twelve month low of $6.36 and a twelve month high of $18.37. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 20.53. The company has a 50-day moving average price of $16.66 and a 200 day moving average price of $12.67. The company has a market cap of $2.28 billion, a PE ratio of -144.25 and a beta of 3.18.

Porch Group (NASDAQ:PRCH) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.05 earnings per share 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 for the quarter, compared to analyst estimates of $122.30 million. Sell-side analysts expect that Porch Group, Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Porch Group

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in Porch Group by 5.7% during the second quarter. Wellington Management Group LLP now owns 1,297,050 shares of the company’s stock worth $19,508,000 after buying an additional 70,139 shares in the last quarter. Bank of America Corp DE purchased a new stake in Porch Group in the 2nd quarter valued at $1,920,000. Legal & General Group Plc purchased a new stake in Porch Group in the 2nd quarter valued at $904,000. Dimensional Fund Advisors LP increased its stake in shares of Porch Group by 42.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,540,082 shares of the company’s stock worth $11,040,000 after acquiring an additional 455,817 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Porch Group in the 1st quarter worth $1,015,000. 48.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PRCH. Cantor Fitzgerald lifted their price target on Porch Group from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, September 25th. Texas Capital upgraded Porch Group to a “strong-buy” rating in a report on Tuesday, September 22nd. B. Riley Financial lifted their target price on shares of Porch Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of Porch Group from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Porch Group from $16.25 to $16.50 and gave the stock a “market perform” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.75.

Porch Group News Summary

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

• Positive Sentiment: Porch Group’s stock gained attention after a report highlighted stronger second-quarter profitability and a reset of company guidance that improved the outlook. The company’s latest reported quarter also exceeded expectations, with earnings of $0.05 per share versus a $0.03 loss expected and revenue of $131.8 million versus a $122.3 million consensus. Porch Group stock gains as Q2 profit and guidance reset outlook
• Positive Sentiment: Analyst sentiment remains broadly favorable, with a consensus rating of “Moderate Buy” and an average price target of $18.75. Recent institutional purchases, including new positions by BlackRock and Park West Asset Management, also suggest continued interest from large investors.
• Neutral Sentiment: CEO Matt Ehrlichman, COO Matthew Neagle, CFO Shawn Tabak and director Amanda Reierson reported selling shares over October 5–6. The transactions represented approximately 123,000 shares in total, but the filings state that the executive sales were made to cover tax withholding obligations tied to vested equity awards; the director’s transaction occurred under a pre-arranged Rule 10b5-1 plan. SEC insider transaction filing
• Negative Sentiment: Although the sales appear largely mechanical rather than discretionary, investors may still view repeated selling by senior management as a short-term caution signal—particularly while Porch Group remains unprofitable, with a negative price-to-earnings ratio and projected full-year losses.

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.