Shawn Tabak Sells 21,774 Shares of Porch Group, Inc. (NASDAQ:PRCH) Stock

Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) CFO Shawn Tabak sold 21,774 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $6.00, for a total transaction of $130,644.00. Following the sale, the chief financial officer now directly owns 287,839 shares in the company, valued at approximately $1,727,034. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, October 28th, Shawn Tabak sold 15,000 shares of Porch Group stock. The stock was sold at an average price of $2.00, for a total value of $30,000.00.

Porch Group Trading Down 9.0 %

Shares of Porch Group stock traded down $0.48 on Wednesday, hitting $4.86. The stock had a trading volume of 2,025,467 shares, compared to its average volume of 1,605,273. The stock has a market cap of $580.98 million, a price-to-earnings ratio of -6.94 and a beta of 2.14. Porch Group, Inc. has a 52-week low of $1.05 and a 52-week high of $6.03. The company's 50 day moving average price is $3.15 and its 200 day moving average price is $2.13.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PRCH. Craig Hallum lifted their price objective on Porch Group from $4.00 to $8.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Benchmark reiterated a "buy" rating and issued a $7.00 price target on shares of Porch Group in a research note on Tuesday, October 29th. Oppenheimer increased their price objective on shares of Porch Group from $4.00 to $7.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Stephens lifted their price objective on shares of Porch Group from $4.00 to $5.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Finally, Loop Capital reissued a "hold" rating and issued a $6.00 target price on shares of Porch Group in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $5.34.

Institutional Investors Weigh In On Porch Group

Several large investors have recently modified their holdings of PRCH. Harbor Capital Advisors Inc. raised its position in Porch Group by 186.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,774,909 shares of the company's stock valued at $5,794,000 after purchasing an additional 2,457,915 shares during the last quarter. Acadian Asset Management LLC increased its stake in Porch Group by 444.5% in the second quarter. Acadian Asset Management LLC now owns 1,571,003 shares of the company's stock valued at $2,369,000 after purchasing an additional 1,282,500 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Porch Group by 223.4% during the third quarter. GSA Capital Partners LLP now owns 1,532,616 shares of the company's stock worth $2,353,000 after buying an additional 1,058,653 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Porch Group by 53.8% during the second quarter. Renaissance Technologies LLC now owns 2,184,500 shares of the company's stock worth $3,299,000 after buying an additional 763,800 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new position in shares of Porch Group during the third quarter worth about $613,000. 48.48% of the stock is owned by institutional investors and hedge funds.

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.