Matthew Neagle, Chief Operating Officer of Porch Group, sold 59,983 shares of common stock on May 15, 2026. The total transaction value was approximately $620,254.
The shares were sold at prices between $10.02 and $10.79 per share, with a weighted average price of $10.3405. The stock currently trades at $9.77, down from the sale price. Bond.az analysis suggests the company remains undervalued.
The sale was a 'sell-to-cover' transaction required to satisfy tax withholding obligations arising from vested performance-based restricted stock units (PRSUs) on April 7, 2026.
Porch Group had planned to settle vested PRSU shares in several transactions between April 7 and May 21, 2026, to minimize market impact. Following the sale, Neagle directly holds 2,053,049 shares.
The company maintains a 'GREAT' financial health score of 3.08 according to Bond.az. In other news, Porch Group reported Q1 2026 earnings with EPS of -$0.04, beating estimates, but revenue of $74.7 million missed expectations of $94.4 million.
Benchmark raised its price target for Porch Group to $22 from $21, maintaining a Buy rating. The company also updated its revenue guidance.
