Street Calls of the Week
Director Regi Vengalil of Porch Group, Inc. (NASDAQ:PRCH) sold 40,000 shares of common stock on September 5, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $18.2033, for a total transaction value of $728,132. Prices for the shares sold ranged from $17.73 to $18.69. The stock, which has surged over 1,460% in the past year and currently trades near its 52-week high of $19.22, shows signs of being overbought according to InvestingPro technical indicators.
Following the transaction, Vengalil directly owns 165,903 shares of Porch Group, Inc.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which Vengalil adopted on June 6, 2025. The plan is scheduled to end on September 15, 2026, and covers the sale of up to 40,000 shares of Porch Group’s common stock to help satisfy tax obligations upon the vesting of shares received for service on the Company’s board of directors. Trading under the 10b5-1 Plan did not commence until at least 90 days following the date on which the plan was entered.
In other recent news, Porch Group reported its second-quarter 2025 financial results, showcasing a notable revenue beat. The company posted earnings per share of $0.03, surpassing the anticipated -$0.08, and achieved revenue of $119.2 million, exceeding the expected $99.39 million. Analysts have reacted positively to these developments, with Goldman Sachs initiating coverage of Porch Group with a Buy rating and a $21 price target. Additionally, Cantor Fitzgerald has raised its price target for Porch Group to $20 from $5, maintaining an Overweight rating. Keefe, Bruyette & Woods also increased its price target to $16 from $7, while keeping a Market Perform rating. The firm adjusted its 2025 EBITDA estimate to $68 million and maintained its 2026 estimate at $104 million. These recent developments reflect growing confidence in Porch Group’s financial performance and future prospects.
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