On October 28, 2024, Shawn Tabak, the Chief Financial Officer of Porch Group Inc (PRCH, Financial), sold 15,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 278,298 shares of Porch Group Inc.
Porch Group Inc operates as a software company, providing software and services to home services companies. The company's platform assists in handling tasks such as marketing, business operations, and customer retention.
Over the past year, Shawn Tabak has sold a total of 105,000 shares and has not purchased any shares. This recent sale is part of a broader trend within the company, where there have been 4 insider sells and 3 insider buys over the past year.
Shares of Porch Group Inc were trading at $2 on the day of the sale, giving the company a market cap of $220.008 million. The stock's GF Value is estimated at $3.63, indicating a price-to-GF-Value ratio of 0.55. This suggests that the stock might be a Possible Value Trap, and investors should think twice before investing.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might provide valuable insights for current and potential investors, especially considering the company's valuation and recent stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
