Porch Group, Inc. (NASDAQ:PRCH) COO Sells $191,022.72 in Stock

Porch Group, Inc. (NASDAQ:PRCH) COO Matthew Neagle sold 27,328 shares of Porch Group stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $6.99, for a total value of $191,022.72. Following the completion of the sale, the chief operating officer now owns 1,356,729 shares of the company’s stock, valued at $9,483,535.71. This trade represents a 1.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, March 17th, Matthew Neagle sold 60,000 shares of Porch Group stock. The stock was sold at an average price of $6.24, for a total transaction of $374,400.00.

Porch Group Stock Up 0.4 %

Shares of NASDAQ:PRCH opened at $7.39 on Friday. The company has a market capitalization of $887.27 million, a price-to-earnings ratio of -10.56 and a beta of 2.04. The company has a 50 day moving average of $5.49 and a two-hundred day moving average of $3.98. Porch Group, Inc. has a 52-week low of $1.05 and a 52-week high of $8.49.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Porch Group from $3.50 to $6.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Stephens lifted their target price on Porch Group from $8.00 to $10.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Benchmark boosted their price target on Porch Group from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Oppenheimer raised their price objective on Porch Group from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, Craig Hallum boosted their target price on Porch Group from $4.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Porch Group presently has an average rating of “Buy” and a consensus target price of $7.03.

Institutional Investors Weigh In On Porch Group

A number of large investors have recently added to or reduced their stakes in PRCH. Zacks Investment Management acquired a new position in Porch Group in the 3rd quarter worth $32,000. Nisa Investment Advisors LLC boosted its holdings in Porch Group by 5,776.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,640 shares of the company’s stock valued at $33,000 after purchasing an additional 6,527 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Porch Group in the fourth quarter valued at about $35,000. Caprock Group LLC purchased a new stake in Porch Group during the 3rd quarter worth approximately $37,000. Finally, Rik Saylor Financial Inc. acquired a new position in shares of Porch Group in the 4th quarter valued at approximately $49,000. 48.48% of the stock is owned by institutional investors and hedge funds.

Porch Group Company Profile

Porch Group, Inc, together with its subsidiaries, operates a vertical software and insurance platform in the United States. The company operates in two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to inspection, mortgage, and title companies on a subscription and transactional basis, as well as move and post-move services.