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Porch Group, Inc. (NASDAQ:PRCH), a $1.9 billion market cap company, saw Chief Operating Officer Matthew Neagle sell 55,000 shares of common stock on September 9th, at a weighted average price of $18.6903, for a total value of $1,027,966. The prices for these shares sold in multiple transactions ranged from $18.65 to $18.76. The sale comes as PRCH trades near its 52-week high of $19.22, having delivered an impressive 1,438% return over the past year. InvestingPro subscribers can access comprehensive insider trading analysis and 13 additional ProTips for deeper insights.
On September 10th, Neagle also acquired a total of 21,018 shares of Porch Group common stock through the exercise of stock options. These transactions were executed at prices ranging from $2.07 to $13.23, totaling $144,495.
Following these transactions, Neagle directly owns 1,020,902 shares of Porch Group, Inc.
In other recent news, Porch Group, Inc. reported its financial results for the second quarter of 2025, showcasing a significant revenue beat. The company achieved earnings per share of $0.03, surpassing the anticipated -$0.08, and reported revenue of $119.2 million, exceeding expectations of $99.39 million. Following these results, several analyst firms have adjusted their outlook on Porch Group. Benchmark raised its price target to $21.00, maintaining a Buy rating, while Cantor Fitzgerald significantly increased its target to $20.00 from $5.00, also with an Overweight rating. Goldman Sachs initiated coverage with a Buy rating and a $21.00 price target. Keefe, Bruyette & Woods raised its price target to $16.00 from $7.00, maintaining a Market Perform rating and updating its 2025 EBITDA estimate to $68 million. These developments reflect a positive sentiment among analysts regarding Porch Group’s growth trajectory and financial performance.
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