Porch Group, Inc. (NASDAQ:PRCH) COO Sells $191,022.72 in Stock

Porch Group, Inc. (NASDAQ:PRCH) COO Matthew Neagle sold 27,328 shares of Porch Group stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $6.99, for a total value of $191,022.72. Following the completion of the transaction, the chief operating officer now owns 1,356,729 shares of the company’s stock, valued at $9,483,535.71. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, March 17th, Matthew Neagle sold 60,000 shares of Porch Group stock. The stock was sold at an average price of $6.24, for a total value of $374,400.00.

Porch Group Trading Up 0.4 %

Shares of NASDAQ:PRCH opened at $7.39 on Friday. The company has a 50 day moving average of $5.49 and a 200-day moving average of $3.98. The firm has a market cap of $887.27 million, a P/E ratio of -10.56 and a beta of 2.04. Porch Group, Inc. has a twelve month low of $1.05 and a twelve month high of $8.49.

Institutional Investors Weigh In On Porch Group

A number of institutional investors have recently added to or reduced their stakes in PRCH. Tower Research Capital LLC TRC raised its stake in shares of Porch Group by 91.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,017 shares of the company’s stock worth $54,000 after buying an additional 5,273 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Porch Group by 22.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,524 shares of the company’s stock worth $151,000 after acquiring an additional 5,557 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Porch Group by 5,776.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,640 shares of the company’s stock valued at $33,000 after acquiring an additional 6,527 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Porch Group during the 4th quarter valued at about $35,000. Finally, ProShare Advisors LLC grew its stake in shares of Porch Group by 51.0% in the 4th quarter. ProShare Advisors LLC now owns 22,238 shares of the company’s stock worth $109,000 after purchasing an additional 7,506 shares during the last quarter. 48.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on PRCH. Oppenheimer boosted their target price on shares of Porch Group from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Benchmark boosted their price objective on shares of Porch Group from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Craig Hallum raised their target price on shares of Porch Group from $4.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Keefe, Bruyette & Woods upped 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. Finally, Loop Capital raised Porch Group from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $7.03.

Porch Group Company 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.