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SEATTLE—Porch Group, Inc. (NASDAQ:PRCH), which has seen its stock surge over 500% in the past year according to InvestingPro data, reported that Chief Financial Officer Shawn Tabak sold 30,000 shares of the company’s common stock, according to a recent SEC filing. The shares were sold at a weighted average price of $11.2273, resulting in a total transaction value of approximately $336,819. The transaction comes as the company’s market capitalization stands at $1.1 billion, with the stock showing significant momentum in recent months.
Following this transaction, which took place on June 12, 2025, Tabak retains ownership of 172,671 shares. The sale was conducted under a Rule 10b5-1 trading plan, which was established by Tabak on December 10, 2024. The plan, designed to facilitate pre-scheduled trading of shares, is set to expire on March 31, 2026, and includes provisions for the sale of up to 205,000 shares of Porch Group’s common stock. The shares sold were part of multiple transactions executed at prices ranging from $11.1601 to $11.3100 per share, near the stock’s 52-week high of $12.20. InvestingPro analysis reveals 8 additional key insights about Porch Group’s financial health and market position, available in the comprehensive Pro Research Report.
In other recent news, Porch Group reported a steady revenue of $84 million for the quarter, with an impressive 81% margin. The company also achieved an adjusted EBITDA of $17 million, a significant improvement from the negative $17 million reported in the same quarter last year. Additionally, Porch Group has repurchased $8.9 million of its 2026 convertible notes, using cash reserves to retire outstanding debt. This move is part of a broader financial strategy to improve the company’s balance sheet. In terms of analyst activity, Loop Capital raised its price target for Porch Group to $13, citing the success of the company’s new reciprocal exchange insurance model, PIRE, which has enhanced profitability and reduced risk. Benchmark also maintained a Buy rating with a $12 price target, acknowledging the company’s successful refinancing efforts. Furthermore, Porch Group has expanded its insurance agency partnerships with Roamly Insurance Group, Evertree Insurance Services, and MassDrive Insurance Group. These partnerships are expected to broaden the distribution of Porch’s insurance products. Lastly, Porch Group appointed John Campbell as Vice President of Investor Relations to strengthen its communication strategy with investors.
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