Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) CFO Shawn Tabak sold 21,774 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $6.00, for a total transaction of $130,644.00. Following the transaction, the chief financial officer now directly owns 287,839 shares in the company, valued at $1,727,034. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shawn Tabak also recently made the following trade(s):
- On Monday, October 28th, Shawn Tabak sold 15,000 shares of Porch Group stock. The stock was sold at an average price of $2.00, for a total transaction of $30,000.00.
Porch Group Trading Down 9.0 %
PRCH opened at $4.86 on Thursday. The stock has a market capitalization of $580.98 million, a P/E ratio of -6.94 and a beta of 2.14. The stock has a 50-day moving average price of $3.15 and a 200-day moving average price of $2.13. Porch Group, Inc. has a 12-month low of $1.05 and a 12-month high of $6.03.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Stephens upped their price target on Porch Group from $4.00 to $5.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Benchmark reissued a "buy" rating and issued a $7.00 price target on shares of Porch Group in a research report on Tuesday, October 29th. Craig Hallum raised their target price on Porch Group from $4.00 to $8.00 and gave the company a "buy" rating in a report on Friday, December 6th. Loop Capital reissued a "hold" rating and set a $6.00 price target on shares of Porch Group in a research report on Monday, December 9th. Finally, Oppenheimer upped their price objective on shares of Porch Group from $4.00 to $7.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5.34.
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Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Porch Group by 186.6% during the third quarter. Harbor Capital Advisors Inc. now owns 3,774,909 shares of the company's stock worth $5,794,000 after purchasing an additional 2,457,915 shares during the period. Acadian Asset Management LLC lifted its holdings in Porch Group by 444.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,571,003 shares of the company's stock worth $2,369,000 after buying an additional 1,282,500 shares during the period. GSA Capital Partners LLP grew its position in shares of Porch Group by 223.4% in the 3rd quarter. GSA Capital Partners LLP now owns 1,532,616 shares of the company's stock worth $2,353,000 after buying an additional 1,058,653 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Porch Group by 53.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,184,500 shares of the company's stock worth $3,299,000 after buying an additional 763,800 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new position in shares of Porch Group during the third quarter valued at approximately $613,000. 48.48% of the stock is owned by hedge funds and other institutional investors.
Porch Group Company Profile
(
Get Free Report)
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.
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