Porch Group, Inc. (NASDAQ:PRCH – Get Rating) CEO Matt Ehrlichman acquired 46,508 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was bought at an average price of $1.63 per share, for a total transaction of $75,808.04. Following the completion of the acquisition, the chief executive officer now owns 9,849,858 shares in the company, valued at approximately $16,055,268.54. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Matt Ehrlichman also recently made the following trade(s):
- On Friday, November 18th, Matt Ehrlichman acquired 58,132 shares of Porch Group stock. The stock was bought at an average price of $1.66 per share, for a total transaction of $96,499.12.
Porch Group Stock Up 40.9 %
Porch Group stock opened at $2.10 on Thursday. Porch Group, Inc. has a 52-week low of $0.94 and a 52-week high of $23.08. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 3.69. The company’s 50 day moving average is $1.81 and its two-hundred day moving average is $2.52.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On Porch Group
A number of hedge funds have recently added to or reduced their stakes in PRCH. Villere ST Denis J & Co. LLC lifted its holdings in Porch Group by 161.9% during the 2nd quarter. Villere ST Denis J & Co. LLC now owns 6,051,134 shares of the company’s stock worth $15,490,000 after buying an additional 3,740,525 shares in the last quarter. Granahan Investment Management LLC grew its position in shares of Porch Group by 77.7% in the 1st quarter. Granahan Investment Management LLC now owns 8,345,679 shares of the company’s stock valued at $57,961,000 after buying an additional 3,648,071 shares during the last quarter. State Street Corp grew its position in shares of 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. Goldman Sachs Group Inc. grew its position in shares of 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, Point72 Asset Management L.P. grew its position in shares of Porch Group by 863.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 887,400 shares of the company’s stock valued at $2,272,000 after buying an additional 795,300 shares during the last quarter.
Porch Group Company Profile
Porch Group, Inc operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers.
- Get a free copy of the StockNews.com research report on Porch Group (PRCH)
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