Porch Group, Inc. (NASDAQ:PRCH) COO Matthew Neagle Sells 27,328 Shares

Porch Group, Inc. (NASDAQ:PRCH) COO Matthew Neagle sold 27,328 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $6.99, for a total transaction of $191,022.72. Following the completion of the transaction, the chief operating officer now owns 1,356,729 shares in the company, valued at approximately $9,483,535.71. The trade was a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 Performance

Porch Group stock traded down $0.38 during midday trading on Wednesday, reaching $7.58. 3,522,669 shares of the stock were exchanged, compared to its average volume of 1,747,841. Porch Group, Inc. has a 52 week low of $1.05 and a 52 week high of $8.06. The firm has a market cap of $910.09 million, a PE ratio of -10.83 and a beta of 2.04. The company’s fifty day moving average is $5.32 and its 200-day moving average is $3.89.

Analyst Ratings Changes

PRCH has been the subject of a number of recent research reports. Oppenheimer raised their target price on Porch Group from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods boosted their price objective on Porch Group from $3.50 to $6.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Craig Hallum lifted their target price on shares of Porch Group from $4.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. 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 note on Wednesday, February 26th. Finally, Benchmark raised their price objective on shares of Porch Group from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. One 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. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $7.03.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in Porch Group by 5,776.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,640 shares of the company’s stock valued at $33,000 after buying an additional 6,527 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Porch Group in the 4th quarter valued at about $35,000. Rik Saylor Financial Inc. bought a new stake in shares of Porch Group during the 4th quarter valued at about $49,000. Raymond James Financial Inc. bought a new stake in shares of Porch Group during the 4th quarter valued at about $50,000. Finally, GAMMA Investing LLC purchased a new position in shares of Porch Group during the fourth quarter worth about $50,000. Institutional investors own 48.48% of the company’s stock.

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.