Matthew Neagle Sells 1,500 Shares of Porch Group, Inc. (NASDAQ:PRCH) Stock

Porch Group, Inc. (NASDAQ:PRCH) COO Matthew Neagle sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $18.46, for a total transaction of $27,690.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, September 7th, Matthew Neagle sold 14,000 shares of Porch Group stock. The shares were sold at an average price of $23.02, for a total transaction of $322,280.00.
  • On Tuesday, August 31st, Matthew Neagle sold 3,800 shares of Porch Group stock. The shares were sold at an average price of $19.39, for a total transaction of $73,682.00.
  • On Friday, August 27th, Matthew Neagle sold 5,500 shares of Porch Group stock. The stock was sold at an average price of $19.49, for a total transaction of $107,195.00.
  • On Tuesday, July 6th, Matthew Neagle sold 12,000 shares of Porch Group stock. The stock was sold at an average price of $19.49, for a total transaction of $233,880.00.
  • On Friday, July 9th, Matthew Neagle sold 1,500 shares of Porch Group stock. The stock was sold at an average price of $19.49, for a total transaction of $29,235.00.

NASDAQ PRCH opened at $19.14 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.19. Porch Group, Inc. has a 12-month low of $10.03 and a 12-month high of $24.41. The company has a market capitalization of $1.85 billion, a PE ratio of -10.07 and a beta of 0.12. The firm’s 50 day moving average is $18.82 and its 200-day moving average is $17.69.

Porch Group (NASDAQ:PRCH) last posted its quarterly earnings data on Monday, August 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.06. As a group, sell-side analysts expect that Porch Group, Inc. will post -0.62 EPS for the current year.

Several research analysts recently weighed in on PRCH shares. Oppenheimer initiated coverage on shares of Porch Group in a research note on Monday, June 28th. They set an “outperform” rating and a $28.00 price objective on the stock. Benchmark raised their target price on shares of Porch Group from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 10th. Finally, Zacks Investment Research downgraded shares of Porch Group from a “buy” rating to a “hold” rating in a report on Saturday, August 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Porch Group has an average rating of “Buy” and a consensus price target of $25.14.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new stake in shares of Porch Group in the second quarter valued at approximately $3,072,000. Morgan Stanley increased its holdings in Porch Group by 107.1% during the second quarter. Morgan Stanley now owns 211,630 shares of the company’s stock worth $4,093,000 after buying an additional 109,437 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Porch Group by 9.4% during the second quarter. Wells Fargo & Company MN now owns 10,362 shares of the company’s stock worth $200,000 after buying an additional 888 shares during the last quarter. Walleye Capital LLC acquired a new position in Porch Group during the second quarter worth $3,017,000. Finally, Washington Harbour Partners LP increased its holdings in Porch Group by 38.5% during the second quarter. Washington Harbour Partners LP now owns 2,444,025 shares of the company’s stock worth $47,267,000 after buying an additional 679,380 shares during the last quarter. Institutional investors own 67.04% of the company’s stock.

About Porch Group

Porch Group, Inc operates a software platform in the United States and Canada. It provides software and services under the ISN, HireAHelper, and Kandela brands to home services companies, such as home inspectors, homebuyers and homeowners, insurance carriers, moving companies, security companies, and TV/internet providers, as well as offers moving concierge services.

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Insider Buying and Selling by Quarter for Porch Group (NASDAQ:PRCH)

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