Porch Group COO Matthew Neagle sells $1.17M in shares, prices $20.18-$21.48

Matthew Neagle, the Chief Operating Officer at Porch Group, Inc., sold 56,250 shares of the company's stock on November 2, 2026. The shares were sold at prices ranging from $20.18 to $21.48, resulting in a total sale value of $1,174,537. This sale occurred as Porch Group's stock was trading close to its 52-week high of $21.96, following a substantial 92% increase over the past six months.

Analysts noted that the stock seemed overvalued compared to its Fair Value, a point of interest for those tracking insider trading activities.

The sale was executed in two parts. Neagle sold 39,347 shares, with a weighted average price of $20.7068 per share, between $20.18 and $21.17. The second part consisted of 16,903 shares, sold at a weighted average price of $21.2854 per share, with prices between $21.18 and $21.48. These transactions were carried out under a Rule 10b5-1 trading plan initiated by Neagle on June 15, 2026, and set to end on June 15, 2027.

This plan allowed for the potential sale of up to 500,000 shares of the company's common stock and started at least 90 days after its creation.

After these transactions, Neagle personally held 1,736,756 shares of Porch Group. The company's third-quarter 2026 results were also noteworthy, beating expectations. Adjusted earnings per share were $0.10, compared to the estimated $0.01, and revenue reached $143.86 million, surpassing the forecasted $133.44 million. The company's revenue increased by 22% year-over-year to $140.8 million, outperforming analysts' estimates by 5.5%.

Adjusted EBITDA more than doubled from the previous year, totaling $44.5 million, which was $13.4 million higher than the consensus forecast. StoneX reacted positively to these results, raising its price target for Porch Group to $30 from $23 while maintaining a Buy rating. The firm also increased its full-year outlook, crediting growth to its core Insurance Services business. These updates underscore Porch Group's ongoing expansion and robust operational margins.