Porch group CFO Shawn Tabak sells $405k in PRCH stock By Investing.com

Shawn Tabak, Chief Financial Officer of Porch Group, Inc. (), disposed of 25,000 shares of the company’s common stock on August 5, 2026. The transactions totaled $405,157, with shares sold at prices ranging from $16.025 to $16.540 per share. The reported price of $16.2063 per share is a weighted average. The sale comes as the stock has surged 119% over the past six months and 74% year-to-date, according to InvestingPro data, with shares currently trading at $15.85.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which Mr. Tabak established on November 19, 2025. This plan is scheduled to conclude on March 31, 2027, and covers the potential sale of up to 140,000 shares of Porch Group common stock. According to the filing, the proceeds from this transaction are intended to help satisfy the reporting person’s tax obligations. Trading under the plan commenced at least 90 days after its entry. Any remaining shares covered by the 10b5-1 plan are at a limit price that exceeds the most recent Nasdaq closing price.

Following this transaction, Mr. Tabak beneficially owns 215,495 shares of Porch Group common stock. InvestingPro analysis suggests the stock is trading slightly above its Fair Value, with analysts maintaining a bullish outlook as the company is expected to turn profitable this year.

In other recent news, Porch Group reported impressive second-quarter 2026 financial results, surpassing Wall Street’s expectations. The company achieved revenue of $141 million, exceeding the forecasted $122.21 million, and reported a net income of $6 million attributable to shareholders. This performance led to an increase in full-year guidance for revenue, gross profit, and adjusted EBITDA. Benchmark responded by raising Porch Group’s stock price target to $23, maintaining a Buy rating, while Cantor Fitzgerald increased its target to $18 and kept an Overweight rating. Written Premiums grew by 16%, with Policies Written increasing by 38%, both surpassing consensus estimates. Adjusted EBITDA excluding reciprocal operations rose by 150% year over year to $39 million. The company described the quarter as a turning point, with consolidated GAAP revenue up 12% from the previous year. Revenue, excluding reciprocal operations, climbed 23% to $132 million, highlighting the company’s improving profitability profile.

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