Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) CFO Shawn Tabak sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $5.34, for a total transaction of $53,400.00. Following the transaction, the chief financial officer now directly owns 218,580 shares in the company, valued at $1,167,217.20. This represents a 4.37 % 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 Wednesday, February 26th, Shawn Tabak sold 108,226 shares of Porch Group stock. The shares were sold at an average price of $6.05, for a total value of $654,767.30.
Porch Group Price Performance
Shares of PRCH stock opened at $5.29 on Friday. Porch Group, Inc. has a one year low of $1.05 and a one year high of $8.49. The business's 50 day simple moving average is $5.94 and its 200 day simple moving average is $4.45. The stock has a market capitalization of $635.14 million, a PE ratio of -7.56 and a beta of 2.15.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Loop Capital upgraded shares of Porch Group from a "hold" rating to a "buy" rating and set a $6.00 price target on the stock in a research report on Wednesday, February 26th. Stephens raised 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 lifted their price target on Porch Group from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Keefe, Bruyette & Woods upped their price objective on Porch Group from $3.50 to $6.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Finally, Oppenheimer lifted their target price on Porch Group from $7.00 to $8.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $7.32.
Read Our Latest Stock Report on Porch Group
Institutional Trading of Porch Group
Institutional investors have recently bought and sold shares of the company. Portolan Capital Management LLC increased its holdings in Porch Group by 476.0% in the fourth quarter. Portolan Capital Management LLC now owns 2,299,635 shares of the company's stock worth $11,314,000 after purchasing an additional 1,900,416 shares in the last quarter. Granahan Investment Management LLC grew its position in shares of Porch Group by 19.0% during the 4th quarter. Granahan Investment Management LLC now owns 11,891,581 shares of the company's stock worth $58,507,000 after buying an additional 1,897,816 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of Porch Group in the 4th quarter valued at $8,550,000. Invesco Ltd. lifted its position in shares of Porch Group by 4,365.6% during the 4th quarter. Invesco Ltd. now owns 1,682,286 shares of the company's stock valued at $8,277,000 after acquiring an additional 1,644,614 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Porch Group by 24.9% during the fourth quarter. Vanguard Group Inc. now owns 5,511,591 shares of the company's stock worth $27,117,000 after acquiring an additional 1,100,224 shares in the last quarter. Institutional investors own 48.48% of the company's stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
