Published on 7 Nov 2022 on Insider Monkey via Yahoo Finance

Here’s Why Vulcan Value Partners Exited its Position in Porch Group (PRCH)

Investment management company Vulcan Value Partners recently released its third-quarter 2022 investor letter. A copy of the same can be downloaded here. The firm has five strategies, trailing their benchmark indexes in the third quarter of 2022. The fund’s Large-Cap Composite returned -7.3% net of fees and expenses, the Small Cap Composite returned -14.4% net, Focus Composite returned -8.0% net, the Focus Plus composite returned -7.9%, and All Cap Composite returned -11.5% net during the quarter. You can check the top 5 holdings of the fund to know its best picks in 2022.

Vulcan Value Partners highlighted stocks like Porch Group, Inc. (NASDAQ:PRCH) in the Q3 2022 investor letter. Headquartered in Seattle, Washington, Porch Group, Inc. (NASDAQ:PRCH) is a software platform that operates through Vertical Software and Insurance segments. On November 3, 2022, Porch Group, Inc. (NASDAQ:PRCH) stock closed at $1.5500 per share. One-month return of Porch Group, Inc. (NASDAQ:PRCH) was -28.90% and its shares lost 93.27% of their value over the last 52 weeks. Porch Group, Inc. (NASDAQ:PRCH) has a market capitalization of $154.629 million.

Vulcan Value Partners made the following comment about Porch Group, Inc. (NASDAQ:PRCH) in its Q3 2022 investor letter: