Porch Group, Inc. (NASDAQ:PRCH – Get Free Report) CFO Shawn Tabak sold 19,040 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $4.04, for a total transaction of $76,921.60. Following the sale, the chief financial officer now directly owns 292,311 shares in the company, valued at approximately $1,180,936.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shawn Tabak also recently made the following trade(s):
- On Thursday, March 21st, Shawn Tabak sold 25,678 shares of Porch Group stock. The stock was sold at an average price of $4.00, for a total transaction of $102,712.00.
Porch Group Stock Up 4.4 %
Shares of Porch Group stock opened at $4.31 on Friday. The firm’s fifty day simple moving average is $3.09 and its 200-day simple moving average is $2.09. Porch Group, Inc. has a 12 month low of $0.50 and a 12 month high of $4.46.
Hedge Funds Weigh In On Porch Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Granahan Investment Management LLC grew its position in Porch Group by 12.0% in the 4th quarter. Granahan Investment Management LLC now owns 11,890,749 shares of the company’s stock valued at $36,624,000 after buying an additional 1,278,208 shares during the last quarter. Vanguard Group Inc. grew its position in Porch Group by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,795,956 shares of the company’s stock valued at $4,652,000 after buying an additional 74,291 shares during the last quarter. Fidelity National Financial Inc. purchased a new position in Porch Group in the 3rd quarter valued at $3,772,000. Goldman Sachs Group Inc. grew its position in Porch Group by 40.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,692,247 shares of the company’s stock valued at $9,452,000 after buying an additional 1,065,665 shares during the last quarter. Finally, State Street Corp grew its position in Porch Group by 57.2% in the 2nd quarter. State Street Corp now owns 3,289,130 shares of the company’s stock valued at $8,420,000 after buying an additional 1,196,716 shares during the last quarter. 48.48% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on PRCH. Keefe, Bruyette & Woods raised their price objective on shares of Porch Group from $3.50 to $3.75 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Porch Group in a report on Friday, January 12th.
Check Out Our Latest Stock Report on PRCH
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.
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