Porch Group, Inc. (NASDAQ:PRCH) CFO Shawn Tabak Sells 108,226 Shares

Porch Group, Inc. (NASDAQ:PRCH) CFO Shawn Tabak sold 108,226 shares of Porch Group stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $6.05, for a total value of $654,767.30. Following the sale, the chief financial officer now owns 179,613 shares of the company’s stock, valued at approximately $1,086,658.65. This represents a 37.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shawn Tabak also recently made the following trade(s):

• On Monday, December 16th, Shawn Tabak sold 21,774 shares of Porch Group stock. The shares were sold at an average price of $6.00, for a total value of $130,644.00.

Porch Group Stock Performance

Shares of PRCH stock opened at $6.99 on Friday. The stock has a market cap of $835.61 million, a price-to-earnings ratio of -9.99 and a beta of 2.03. The firm has a fifty day moving average of $4.85 and a 200-day moving average of $3.25. Porch Group, Inc. has a 52-week low of $1.05 and a 52-week high of $7.19.

Institutional Investors Weigh In On Porch Group

Hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. raised its position in shares of Porch Group by 186.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,774,909 shares of the company’s stock valued at $5,794,000 after acquiring an additional 2,457,915 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Porch Group in the third quarter valued at approximately $46,000. GSA Capital Partners LLP grew its stake in shares of Porch Group by 223.4% in the third quarter. GSA Capital Partners LLP now owns 1,532,616 shares of the company’s stock valued at $2,353,000 after buying an additional 1,058,653 shares in the last quarter. Caprock Group LLC bought a new position in shares of Porch Group in the third quarter valued at $37,000. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Porch Group by 128.6% in the third quarter. Citizens Financial Group Inc. RI now owns 400,000 shares of the company’s stock valued at $614,000 after buying an additional 225,000 shares in the last quarter. Institutional investors own 48.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Craig Hallum boosted their price target on Porch Group from $4.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Loop Capital upgraded Porch Group from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a report on Wednesday. Oppenheimer lifted their price objective on shares of Porch Group from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Wednesday. Stephens boosted their target price on shares of Porch Group from $4.00 to $5.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Benchmark upped their price target on shares of Porch Group from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $5.84.

About Porch Group

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.