Matt Ehrlichman Sells 123,518 Shares of Porch Group (NASDAQ:PRCH) Stock

Key Points

• CEO Matt Ehrlichman sold 123,518 shares on April 24 at an average of $7.68 (≈$948,618) to cover tax withholding, part of a string of April sales totaling about 704,000 shares.
• Porch beat Q1 expectations with EPS of ($0.04) vs. ($0.10) and revenue of $109.4M vs. $94.0M, and raised FY2026 revenue guidance to $495–$507M while reporting adjusted EBITDA of $19.7M.
• Shares jumped 6.7% to $8.59 on heavy volume, but the company remains unprofitable (Q1 net loss ≈ $4.7M) despite analyst sentiment that yields a "Moderate Buy" consensus and a $17.21 target price.

Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) CEO Matt Ehrlichman sold 123,518 shares of the company's stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $7.68, for a total value of $948,618.24. Following the completion of the sale, the chief executive officer owned 16,804,553 shares in the company, valued at $129,058,967.04. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Matt Ehrlichman also recently made the following trade(s):

• On Tuesday, April 21st, Matt Ehrlichman sold 121,242 shares of Porch Group stock. The shares were sold at an average price of $8.12, for a total value of $984,485.04.
• On Friday, April 17th, Matt Ehrlichman sold 113,862 shares of Porch Group stock. The shares were sold at an average price of $7.87, for a total value of $896,093.94.
• On Tuesday, April 14th, Matt Ehrlichman sold 145,882 shares of Porch Group stock. The shares were sold at an average price of $6.84, for a total value of $997,832.88.
• On Thursday, April 9th, Matt Ehrlichman sold 121,293 shares of Porch Group stock. The shares were sold at an average price of $7.15, for a total value of $867,244.95.
• On Tuesday, April 7th, Matt Ehrlichman sold 71,167 shares of Porch Group stock. The shares were sold at an average price of $7.19, for a total value of $511,690.73.
• On Thursday, April 2nd, Matt Ehrlichman sold 6,988 shares of Porch Group stock. The shares were sold at an average price of $6.98, for a total value of $48,776.24.

Porch Group Trading Up 6.7%

Shares of Porch Group stock traded up $0.54 on Tuesday, hitting $8.59. 3,541,097 shares of the company's stock traded hands, compared to its average volume of 1,582,719. Porch Group, Inc. has a one year low of $5.70 and a one year high of $19.44. The company has a debt-to-equity ratio of 17.20, a current ratio of 1.30 and a quick ratio of 1.30. The company has a fifty day moving average of $7.63 and a two-hundred day moving average of $9.38. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -171.80 and a beta of 3.09.

Porch Group (NASDAQ:PRCH - Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.06. Porch Group had a negative return on equity of 51.86% and a negative net margin of 0.72%.The company had revenue of $109.44 million for the quarter, compared to analyst estimates of $93.99 million. As a group, sell-side analysts expect that Porch Group, Inc. will post 0.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PRCH. Invesco Ltd. raised its stake in Porch Group by 448.4% during the 3rd quarter. Invesco Ltd. now owns 3,795,064 shares of the company's stock worth $63,681,000 after buying an additional 3,103,018 shares during the period. Park West Asset Management LLC raised its stake in Porch Group by 131.3% during the 4th quarter. Park West Asset Management LLC now owns 5,050,000 shares of the company's stock worth $46,106,000 after buying an additional 2,867,084 shares during the period. Granahan Investment Management LLC raised its stake in Porch Group by 20.3% during the 4th quarter. Granahan Investment Management LLC now owns 11,590,428 shares of the company's stock worth $105,821,000 after buying an additional 1,953,736 shares during the period. Dimensional Fund Advisors LP raised its stake in Porch Group by 264.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,265 shares of the company's stock worth $9,899,000 after buying an additional 786,583 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Porch Group during the 3rd quarter worth approximately $12,747,000. 48.48% of the stock is owned by institutional investors and hedge funds.

Key Porch Group News

Here are the key news stories impacting Porch Group this week:

• Positive Sentiment: Q1 results beat consensus — Porch reported EPS of ($0.04) vs. consensus ($0.10) and revenue of $109.4M vs. est. $94.0M; Adjusted EBITDA was $19.7M, signaling improved operating leverage. Read More.
• Positive Sentiment: Company raised FY2026 revenue guidance to $495M–$507M versus consensus ~$484M, implying confidence in growth for the rest of the year. Read More.
• Neutral Sentiment: Market commentary: Zacks summarizes the beat on revenue and narrower-than-expected loss, which helped sentiment today. Read More.
• Neutral Sentiment: Insider share sales disclosed on April 24 were executed to cover tax withholding for vested awards: CEO Matt Ehrlichman sold 123,518 shares (SEC filing), COO Matthew Neagle sold 63,979 shares (SEC filing), and CFO Shawn Tabak sold 7,875 shares (SEC filing). These were pre-announced/formal filings and described as tax-related. Read More. Read More. Read More.
• Negative Sentiment: Company remains unprofitable on the GAAP line (net loss ≈ $4.7M for Q1) with negative net margin and negative ROE, so investors should weigh growth vs. continued profitability pressures. Read More.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings restated a "sell (d+)" rating on shares of Porch Group in a research report on Monday, December 29th. Benchmark restated a "buy" rating on shares of Porch Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods upgraded Porch Group from a "market perform" rating to an "outperform" rating and cut their target price for the company from $13.00 to $10.50 in a research report on Wednesday, February 11th. Finally, Zacks Research upgraded Porch Group from a "strong sell" rating to a "hold" rating in a research report on Friday, March 6th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.21.

Porch Group Company Profile

Porch Group, Inc operates a technology-driven home services platform designed to connect homeowners with professional contractors, maintenance providers and home improvement specialists. Through its online marketplace and proprietary software solutions, Porch enables users to research, compare and book services ranging from home repairs and remodeling to maintenance and renovations. The company's platform integrates detailed provider profiles, customer reviews and real-time appointment scheduling to streamline the process of sourcing and managing home projects.

In addition to its core marketplace, Porch offers software products tailored for service professionals.

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