113,675 Shares in Porch Group, Inc. (NASDAQ:PRCH) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Porch Group, Inc. (NASDAQ:PRCH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 113,675 shares of the company's stock, valued at approximately $559,000. XTX Topco Ltd owned approximately 0.10% of Porch Group as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PRCH. Barclays PLC raised its position in Porch Group by 10.2% in the 4th quarter. Barclays PLC now owns 148,715 shares of the company's stock valued at $731,000 after purchasing an additional 13,796 shares during the last quarter. Granite Investment Partners LLC acquired a new position in Porch Group in the fourth quarter valued at $95,000. Covestor Ltd purchased a new stake in shares of Porch Group in the fourth quarter valued at about $118,000. Raymond James Financial Inc. acquired a new stake in shares of Porch Group during the fourth quarter worth about $50,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Porch Group by 4.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,910,102 shares of the company's stock worth $9,398,000 after buying an additional 76,701 shares during the last quarter. 48.48% of the stock is currently owned by hedge funds and other institutional investors.

Porch Group Trading Up 3.4 %

PRCH stock traded up $0.19 during midday trading on Friday, hitting $5.68. 523,854 shares of the company's stock were exchanged, compared to its average volume of 2,268,072. The stock has a market capitalization of $681.84 million, a price-to-earnings ratio of -8.11 and a beta of 2.15. The firm has a 50 day moving average price of $5.97 and a 200-day moving average price of $4.58. Porch Group, Inc. has a 12-month low of $1.05 and a 12-month high of $8.48.

Insider Buying and Selling

In other news, CFO Shawn Tabak sold 10,000 shares of Porch Group stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $5.34, for a total value of $53,400.00. Following the completion of the transaction, the chief financial officer now owns 218,580 shares in the company, valued at approximately $1,167,217.20. This trade represents a 4.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Matthew Neagle sold 60,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $6.24, for a total value of $374,400.00. Following the sale, the chief operating officer now directly owns 1,384,057 shares in the company, valued at approximately $8,636,515.68. This represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 205,554 shares of company stock worth $1,273,590. Insiders own 23.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PRCH shares. Loop Capital upgraded shares of Porch Group from a "hold" rating to a "buy" rating and set a $6.00 price objective on the stock in a research report on Wednesday, February 26th. Benchmark boosted 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, February 26th. Stephens raised their price objective on shares of Porch Group from $8.00 to $10.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Oppenheimer lifted their price target on Porch Group from $7.00 to $8.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods raised their target price on Porch Group from $3.50 to $6.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $7.32.

Porch Group 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.