Porch (PRCH) COO Matthew Neagle Sells $713K of Stock
Key Points
- Porch Group Chief Operating Officer Matthew Neagle sold 40,625 shares of PRCH stock on October 16, 2026, at an average price of $17.56 per share.
- The transaction was executed under a pre-arranged Rule 10b5-1 plan, leaving the COO with 1,824,256 shares.
- Institutional investors and insiders have seen active trading in recent months ahead of the company's October 28, 2026 earnings date.
Since the trade, $PRCH is up 3.9% to date (from the $17.50 close on Oct 16, 2026).
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Porch Group, Inc. Chief Operating Officer Matthew Neagle sold 40,625 shares of the company on October 16, 2026. According to a Form 4 filing with the Securities and Exchange Commission, the shares were sold at a price of $17.56 each, for a total value of $713,228.75.
Inside Matthew Neagle's PRCH Trade
The planned sale was executed under a pre-arranged Rule 10b5-1 trading plan. Following the transaction, Neagle directly holds 1,824,256 shares of the company, cutting his personal stake by about 2.18%.
Other Institutional Activity in Porch Group
Granahan Investment Management LLC reduced its holdings by 281,386 shares, ending with 12,393,660 shares worth about $225,316,742. Shaw D.E. & Co., Inc. grew its holdings by 927,725 shares, ending with 5,289,385 shares worth about $96,161,020. Gilder Gagnon Howe & Co LLC grew its holdings by 207,076 shares, ending with 4,381,990 shares worth about $79,664,579. Park West Asset Management LLC reduced its holdings by 1,560,192 shares, ending with 3,536,810 shares worth about $64,299,206. Portolan Capital Management, LLC grew its holdings by 311,641 shares, ending with 2,456,451 shares worth about $44,658,279.
Porch Group, Inc. Stock Up 3.0%
PRCH shares recently traded around $18.18 as of October 20, 2026. The stock sits close to its 52-week high of $18.41 and well above its 52-week low of $6.36. The company holds a market capitalization of roughly $2.06 billion.
Recent Earnings
For the trailing twelve months, Porch Group reported $513.59 million in revenue and a basic earnings per share of -$0.12. The firm posted a net profit margin of -2.6% alongside a return on equity of -103.3%. The next earnings release is scheduled for October 28, 2026.
Insider Buying and Selling at Porch Group, Inc.
Earlier in October, several other leaders trimmed their holdings. Chief Executive Officer Matt Ehrlichman sold 70,335 shares on October 6 for $1,212,687. Chief Operating Officer Matthew Neagle sold 35,199 shares on the same day for $606,927. Director Amanda L Reierson sold 8,501 shares on October 6 at $17.95 per share for a total of $152,618. Chief Financial Officer Shawn Tabak sold 9,436 shares on October 6 for $162,296.
Analysts Set New Price Targets
On July 30, 2026, Benchmark maintained its Buy rating while raising its price target from $22.00 to $23.00. B. Riley Securities maintained a Buy rating on August 3, 2026, lifting its target from $19.00 to $21.00. Cantor Fitzgerald maintained an Overweight rating on September 25, 2026, boosting its target from $18.00 to $20.00. B. Riley Securities maintained a Buy rating on October 14, 2026, raising its target to $24.00 from $21.00. Craig-Hallum maintained a Buy rating on October 14, 2026, pushing its target up to $22.00 from $20.00. Wall Street currently maintains a consensus Strong Buy recommendation on the stock with a mean price target of $21.78.
About Porch Group
Porch Group, Inc. builds software, data solutions, and insurance services focused on the homeownership market in the United States. It operates across insurance, software, and consumer services segments.
Bottom Line
Insiders continue trimming shares following strong price gains over the past year. Investors will look to the upcoming earnings report on October 28, 2026, for operational updates.
Source: Matthew Neagle's Form 4 filing on $PRCH (Oct 16, 2026). Written by software, not financial advice. How we make alerts