Matt Ehrlichman Sells 123,518 Shares of Porch Group (NASDAQ:PRCH) Stock

Porch Group, Inc. (NASDAQ:PRCH) CEO Matt Ehrlichman sold 123,518 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $7.68, for a total transaction of $948,618.24. Following the completion of the transaction, the chief executive officer owned 16,804,553 shares in the company, valued at approximately $129,058,967.04. This represents a 0.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Matt Ehrlichman also recently made the following trade(s):

• On Tuesday, April 21st, Matt Ehrlichman sold 121,242 shares of Porch Group stock. The stock was sold at an average price of $8.12, for a total transaction of $984,485.04.
• On Friday, April 17th, Matt Ehrlichman sold 113,862 shares of Porch Group stock. The stock was sold at an average price of $7.87, for a total transaction of $896,093.94.
• On Tuesday, April 14th, Matt Ehrlichman sold 145,882 shares of Porch Group stock. The stock was sold at an average price of $6.84, for a total transaction of $997,832.88.
• On Thursday, April 9th, Matt Ehrlichman sold 121,293 shares of Porch Group stock. The stock was sold at an average price of $7.15, for a total transaction of $867,244.95.
• On Tuesday, April 7th, Matt Ehrlichman sold 71,167 shares of Porch Group stock. The stock was sold at an average price of $7.19, for a total transaction of $511,690.73.
• On Thursday, April 2nd, Matt Ehrlichman sold 6,988 shares of Porch Group stock. The stock was sold at an average price of $6.98, for a total transaction of $48,776.24.

Porch Group Trading Up 17.9%

Shares of NASDAQ PRCH opened at $10.13 on Thursday. The firm’s 50 day moving average price is $7.65 and its 200-day moving average price is $9.34. The company has a market cap of $1.26 billion, a PE ratio of -202.60 and a beta of 3.09. Porch Group, Inc. has a 52-week low of $5.70 and a 52-week high of $19.44. The company has a debt-to-equity ratio of 17.20, a quick ratio of 1.30 and a current ratio of 1.30.

Porch Group (NASDAQ:PRCH) last issued its earnings results on Tuesday, April 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.06. The firm had revenue of $109.44 million for the quarter, compared to the consensus estimate of $93.99 million. Porch Group had a negative net margin of 0.72% and a negative return on equity of 51.86%. On average, equities research analysts expect that Porch Group, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PRCH. Invesco Ltd. raised its holdings in shares of Porch Group by 448.4% during the third quarter. Invesco Ltd. now owns 3,795,064 shares of the company’s stock valued at $63,681,000 after purchasing an additional 3,103,018 shares during the last quarter. Park West Asset Management LLC increased its holdings in Porch Group by 131.3% during the fourth quarter. Park West Asset Management LLC now owns 5,050,000 shares of the company’s stock valued at $46,106,000 after buying an additional 2,867,084 shares during the last quarter. Granahan Investment Management LLC increased its holdings in Porch Group by 20.3% during the fourth quarter. Granahan Investment Management LLC now owns 11,590,428 shares of the company’s stock valued at $105,821,000 after buying an additional 1,953,736 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Porch Group by 264.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,084,265 shares of the company’s stock valued at $9,899,000 after buying an additional 786,583 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Porch Group during the third quarter valued at approximately $12,747,000. 48.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PRCH shares. Benchmark boosted their price objective on shares of Porch Group from $21.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Research raised shares of Porch Group from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Keefe, Bruyette & Woods raised shares of Porch Group from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $13.00 to $10.50 in a report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Porch Group has a consensus rating of “Moderate Buy” and a consensus price target of $17.36.

Trending Headlines about Porch Group

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

• Positive Sentiment: Q1 beat — Porch reported EPS of ($0.04) vs. consensus ($0.10) and revenue of $109.4M vs. est. ~$94M; Adjusted EBITDA was positive at $19.7M, signaling improved operating leverage. Read More.
• Positive Sentiment: Raised FY?2026 revenue guidance to $495M–$507M (above consensus), implying management confidence in near?term growth and underpinning the rally. Read More.
• Neutral Sentiment: Earnings resources — Full earnings presentation and the call transcript are available for investors who want details on revenue mix, unit economics and management commentary. Read More. · Read More.
• Neutral Sentiment: Insider sales disclosed — CEO Matt Ehrlichman, COO Matthew Neagle and CFO Shawn Tabak reported share sales on April 24 (large share counts); company and filings state the sales were to cover tax withholding tied to vested awards. Investors should note size but also that management still holds substantial positions. Read More. · Read More. · Read More.
• Negative Sentiment: Profitability concerns remain — GAAP net loss (~$4.7M in Q1), negative net margin and negative ROE mean Porch is still not consistently profitable; investors must weigh growth and EBITDA gains against continued GAAP losses. Read More.

Porch Group Company Profile

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.