Porch Group, Inc. (NASDAQ:PRCH) CFO Sells $53,400.00 in Stock

Porch Group, Inc. (NASDAQ:PRCH) 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, February 26th, Shawn Tabak sold 108,226 shares of Porch Group stock. The stock was sold at an average price of $6.05, for a total value of $654,767.30.

Porch Group Stock Up 4.3 %

Shares of PRCH traded up $0.22 during midday trading on Thursday, reaching $5.29. 1,576,736 shares of the stock were exchanged, compared to its average volume of 1,819,602. The company has a market cap of $635.14 million, a price-to-earnings ratio of -7.56 and a beta of 2.15. The firm has a 50 day simple moving average of $5.92 and a 200-day simple moving average of $4.42. Porch Group, Inc. has a 12-month low of $1.05 and a 12-month high of $8.49.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in Porch Group in the first quarter worth $29,000. Nisa Investment Advisors LLC boosted its stake in shares of Porch Group by 5,776.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,640 shares of the company’s stock worth $33,000 after acquiring an additional 6,527 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Porch Group during the 4th quarter valued at about $35,000. Rik Saylor Financial Inc. bought a new position in shares of Porch Group in the 4th quarter valued at approximately $49,000. Finally, GAMMA Investing LLC bought a new position in shares of Porch Group in the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 48.48% of the company’s stock.

Wall Street Analysts Forecast Growth

PRCH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Porch Group from $3.50 to $6.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Oppenheimer boosted their price target on shares of Porch Group from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Stephens raised their price objective on shares of Porch Group from $8.00 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Benchmark boosted their target price on shares of Porch Group from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Loop Capital raised Porch Group from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Porch Group has a consensus rating of “Buy” and a consensus target price of $7.32.

About Porch Group

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.