Porch Group (NASDAQ:PRCH) COO Matthew Neagle Sells 63,979 Shares

Key Points

• COO Matthew Neagle sold 63,979 shares on April 24 at an average price of $7.68 for ~$491,359, and these sales were disclosed as tax-withholding for vested awards; he sold a total of 369,455 shares in April and now directly owns 2,421,899 shares (a 2.57% decrease).
• Porch beat Q1 estimates and raised guidance: Q1 EPS was ($0.04) vs. consensus ($0.10) and revenue was $109.4M vs. est. $94.0M, with adjusted EBITDA of $19.7M and FY2026 revenue guidance lifted to $495M–$507M.
• Profitability and market view remain mixed: the company is still GAAP-unprofitable (≈$4.7M net loss in Q1) with negative net margin and ROE, while the stock trades around $8.59 and carries a consensus "Moderate Buy" analyst rating with an average price target of $17.21.

Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) COO Matthew Neagle sold 63,979 shares of the company's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $7.68, for a total value of $491,358.72. Following the transaction, the chief operating officer directly owned 2,421,899 shares in the company, valued at approximately $18,600,184.32. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Matthew Neagle also recently made the following trade(s):

• On Tuesday, April 21st, Matthew Neagle sold 62,801 shares of Porch Group stock. The shares were sold at an average price of $8.12, for a total transaction of $509,944.12.
• On Friday, April 17th, Matthew Neagle sold 58,978 shares of Porch Group stock. The shares were sold at an average price of $7.87, for a total transaction of $464,156.86.
• On Tuesday, April 14th, Matthew Neagle sold 83,599 shares of Porch Group stock. The shares were sold at an average price of $6.84, for a total transaction of $571,817.16.
• On Thursday, April 9th, Matthew Neagle sold 62,827 shares of Porch Group stock. The shares were sold at an average price of $7.15, for a total transaction of $449,213.05.
• On Tuesday, April 7th, Matthew Neagle sold 28,825 shares of Porch Group stock. The shares were sold at an average price of $7.19, for a total transaction of $207,251.75.
• On Thursday, April 2nd, Matthew Neagle sold 8,446 shares of Porch Group stock. The shares were sold at an average price of $6.98, for a total transaction of $58,953.08.

Porch Group Stock Performance

Shares of PRCH traded up $0.54 during trading hours on Tuesday, reaching $8.59. 3,541,097 shares of the company traded hands, compared to its average volume of 1,582,719. The stock has a market capitalization of $1.07 billion, a P/E ratio of -171.80 and a beta of 3.09. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 17.20. Porch Group, Inc. has a 12-month low of $5.70 and a 12-month high of $19.44. The business has a fifty day moving average price of $7.63 and a 200-day moving average price of $9.38.

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

Analyst Ratings Changes

PRCH has been the topic of a number of research analyst reports. Zacks Research raised shares of Porch Group from a "strong sell" rating to a "hold" rating in a report on Friday, March 6th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Porch Group in a report on Monday, December 29th. Benchmark reaffirmed a "buy" rating on shares of Porch Group in a report on Friday, January 16th. Finally, Keefe, Bruyette & Woods raised shares of Porch Group from a "market perform" rating to an "outperform" rating and lowered their price target for the company from $13.00 to $10.50 in a report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.21.

Institutional Investors Weigh In On Porch Group

Several hedge funds have recently added to or reduced their stakes in the business. Granahan Investment Management LLC boosted its holdings in Porch Group by 20.3% in the fourth quarter. Granahan Investment Management LLC now owns 11,590,428 shares of the company's stock valued at $105,821,000 after purchasing an additional 1,953,736 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Porch Group by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 7,314,207 shares of the company's stock valued at $66,779,000 after purchasing an additional 62,073 shares during the last quarter. Park West Asset Management LLC boosted its holdings in Porch Group by 131.3% in the fourth quarter. Park West Asset Management LLC now owns 5,050,000 shares of the company's stock valued at $46,106,000 after purchasing an additional 2,867,084 shares during the last quarter. Invesco Ltd. boosted its holdings in Porch Group by 448.4% in the third quarter. Invesco Ltd. now owns 3,795,064 shares of the company's stock valued at $63,681,000 after purchasing an additional 3,103,018 shares during the last quarter. Finally, Divisadero Street Capital Management LP boosted its holdings in Porch Group by 6.7% in the third quarter. Divisadero Street Capital Management LP now owns 2,606,883 shares of the company's stock valued at $43,743,000 after purchasing an additional 163,271 shares during the last quarter. 48.48% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Porch Group

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.

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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