Matthew Neagle Sells 60,802 Shares of Porch Group (NASDAQ:PRCH) Stock

Porch Group, Inc. (NASDAQ:PRCH) COO Matthew Neagle sold 60,802 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $10.43, for a total transaction of $634,164.86. Following the completion of the sale, the chief operating officer directly owned 2,236,922 shares of the company’s stock, valued at $23,331,096.46. The trade was a 2.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, May 1st, Matthew Neagle sold 64,274 shares of Porch Group stock. The stock was sold at an average price of $9.79, for a total transaction of $629,242.46.
• On Tuesday, April 28th, Matthew Neagle sold 59,901 shares of Porch Group stock. The stock was sold at an average price of $8.11, for a total transaction of $485,797.11.
• On Friday, April 24th, Matthew Neagle sold 63,979 shares of Porch Group stock. The stock was sold at an average price of $7.68, for a total transaction of $491,358.72.
• On Tuesday, April 21st, Matthew Neagle sold 62,801 shares of Porch Group stock. The stock was sold at an average price of $8.12, for a total transaction of $509,944.12.
• On Friday, April 17th, Matthew Neagle sold 58,978 shares of Porch Group stock. The stock was sold at an average price of $7.87, for a total transaction of $464,156.86.
• On Tuesday, April 14th, Matthew Neagle sold 83,599 shares of Porch Group stock. The stock was sold at an average price of $6.84, for a total transaction of $571,817.16.
• On Thursday, April 9th, Matthew Neagle sold 62,827 shares of Porch Group stock. The stock was sold at an average price of $7.15, for a total transaction of $449,213.05.
• On Tuesday, April 7th, Matthew Neagle sold 28,825 shares of Porch Group stock. The stock was sold at an average price of $7.19, for a total transaction of $207,251.75.
• On Thursday, April 2nd, Matthew Neagle sold 8,446 shares of Porch Group stock. The stock was sold at an average price of $6.98, for a total transaction of $58,953.08.

Porch Group Price Performance

PRCH opened at $10.97 on Friday. The company has a 50-day moving average of $7.89 and a 200-day moving average of $9.18. The company has a market capitalization of $1.37 billion, a P/E ratio of -64.53 and a beta of 3.24. Porch Group, Inc. has a 1-year low of $6.36 and a 1-year high of $19.44. The company has a debt-to-equity ratio of 14.87, a quick ratio of 1.28 and a current ratio of 1.28.

Porch Group (NASDAQ:PRCH) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.06. Porch Group had a negative net margin of 3.41% and a negative return on equity of 115.59%. The business had revenue of $109.44 million during the quarter, compared to analyst estimates of $94.72 million. Equities analysts expect that Porch Group, Inc. will post -0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Stephens assumed coverage on shares of Porch Group in a report on Monday, May 4th. They issued an “overweight” rating and a $12.00 price target for the company. Benchmark lifted their price target on shares of Porch Group from $21.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods raised shares of Porch Group from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $13.00 to $10.50 in a report on Wednesday, February 11th. Finally, Zacks Research raised shares of Porch Group from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PRCH. JPMorgan Chase & Co. lifted its stake in shares of Porch Group by 95.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 924,180 shares of the company’s stock worth $15,508,000 after acquiring an additional 450,560 shares during the period. Vanguard Group Inc. lifted its stake in shares of Porch Group by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,252,134 shares of the company’s stock worth $121,691,000 after acquiring an additional 384,451 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Porch Group by 68.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 388,299 shares of the company’s stock worth $3,545,000 after acquiring an additional 158,368 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of Porch Group by 1,897.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 255,511 shares of the company’s stock worth $4,287,000 after acquiring an additional 242,722 shares during the period. Finally, Algert Global LLC lifted its stake in shares of Porch Group by 2,254.1% in the 3rd quarter. Algert Global LLC now owns 759,664 shares of the company’s stock worth $12,747,000 after acquiring an additional 727,394 shares during the period. 48.48% of the stock is owned by institutional investors and hedge funds.

Porch Group News Summary

Here are the key news stories impacting Porch Group this week:

• Positive Sentiment: A Seeking Alpha piece argues Porch Group’s shift to a fee-and-commission model is being validated by Q1 2026 results, citing 18% year-over-year renewal-written premium growth, 50% Insurance Services revenue growth, an 18% adjusted EBITDA margin, and raised full-year guidance. Porch Group: The Reciprocal Fee Model The Market Is Still Mispricing
• Positive Sentiment: Recent analyst coverage has been supportive, including Stephens initiating with an Overweight rating and Benchmark raising its price target to $22, reinforcing the case for further upside if execution continues. MarketBeat PRCH Analyst Notes
• Neutral Sentiment: Management disclosed more insider sales, but the company said the transactions were mainly to cover tax withholding obligations tied to vested equity awards, which is often viewed as routine rather than a clear warning sign. Porch Group (NASDAQ:PRCH) CFO Sells $110,662.30 in Stock
• Negative Sentiment: The pace and size of insider selling from the CEO, COO, and CFO over recent weeks may be pressuring sentiment, since repeated large sales can make investors cautious even when they are tax-related. Matt Ehrlichman Sells 124,089 Shares of Porch Group (NASDAQ:PRCH) Stock
• Negative Sentiment: Investors still have to weigh Porch Group’s weak net margin and heavy debt load, which keep execution risk elevated despite the recent improvement in operating momentum. MarketBeat PRCH Profile

About Porch Group

Porch Group, Inc operates a technology-driven home services platform designed to connect homeowners with professional contractors, maintenance providers and home improvement specialists. Through its online marketplace and proprietary software solutions, Porch enables users to research, compare and book services ranging from home repairs and remodeling to maintenance and renovations. The company’s platform integrates detailed provider profiles, customer reviews and real-time appointment scheduling to streamline the process of sourcing and managing home projects.

In addition to its core marketplace, Porch offers software products tailored for service professionals.