Shawn Tabak Sells 7,734 Shares of Porch Group (NASDAQ:PRCH) Stock

Key Points

• CFO Shawn Tabak sold 7,734 shares of Porch on April 9 at an average $7.15 (about $55,298) and previously sold 9,344 shares on April 7 to cover tax withholding, leaving him with 416,353 shares (a 1.82% reduction).
• Other insiders also sold sizable stakes — CEO Matt Ehrlichman (121,293 shares) and COO Matthew Neagle (62,827 shares) sold at roughly the same price to cover tax obligations, actions MarketBeat flags as routine but adding selling pressure.
• Stock and fundamentals: PRCH traded down about 3.7% to $6.76; Porch posted a quarterly EPS and revenue beat but remains unprofitable, while analysts show a "Moderate Buy" consensus with an average target near $17.21.

Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) CFO Shawn Tabak sold 7,734 shares of the business's stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $7.15, for a total value of $55,298.10. Following the transaction, the chief financial officer directly owned 416,353 shares in the company, valued at $2,976,923.95. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, April 7th, Shawn Tabak sold 9,344 shares of Porch Group stock. The stock was sold at an average price of $7.19, for a total transaction of $67,183.36.

Porch Group Stock Down 3.7%

PRCH stock traded down $0.26 during trading on Friday, reaching $6.76. The stock had a trading volume of 1,081,102 shares, compared to its average volume of 1,526,479. Porch Group, Inc. has a 1-year low of $4.64 and a 1-year high of $19.44. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 17.20. The company has a market capitalization of $841.35 million, a P/E ratio of -135.20 and a beta of 3.09. The firm has a fifty day moving average price of $7.61 and a 200 day moving average price of $10.26.

Porch Group (NASDAQ:PRCH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.05. Porch Group had a negative net margin of 0.72% and a negative return on equity of 51.86%. The firm had revenue of $112.25 million for the quarter, compared to analyst estimates of $109.13 million. On average, equities analysts anticipate that Porch Group, Inc. will post -0.63 earnings per share for the current year.

Porch Group News Summary

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

• Positive Sentiment: Recent quarterly results still show positive momentum: Porch posted an EPS beat and revenue above estimates in its Feb quarter, which supports the company’s recovery narrative and underpins analyst bullishness. MarketBeat PRCH
• Neutral Sentiment: Analyst coverage remains mixed but tilted positive — MarketBeat shows a consensus "Moderate Buy" and a multi-analyst price-target gap (consensus ~ $17.21), which can support upside if execution continues. Analyst Coverage
• Neutral Sentiment: The report lists short-interest as zero with days-to-cover 0.0 — this appears to be a data anomaly and should not be read as meaningful market positioning without confirmation from an exchange/official short-interest file.
• Negative Sentiment: CEO Matt Ehrlichman sold 121,293 shares at an average ~$7.15 (4/9 filing) to cover tax withholding from vested awards; his stake still remains large. CEO Form 4
• Negative Sentiment: COO Matthew Neagle sold 62,827 shares at ~ $7.15 (4/9 filing); the company says these sales were to cover tax withholding on vested equity. COO Form 4
• Negative Sentiment: CFO Shawn Tabak reported multiple small sales (7,734 shares on 4/9 and 9,344 shares on 4/7) at roughly $7.15–$7.19 to cover tax withholding; these are routine but add selling pressure. CFO Form 4

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Benchmark reaffirmed a "buy" rating on shares of Porch Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods upgraded shares of 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 note on Wednesday, February 11th. Weiss Ratings restated a "sell (d+)" rating on shares of Porch Group in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Porch Group from a "strong sell" rating to a "hold" rating in a research note on Friday, March 6th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Porch Group currently has an average rating of "Moderate Buy" and an average target price of $17.21.

Institutional Investors Weigh In On Porch Group

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

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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