Procore Technologies, Inc. (NYSE:PCOR) Insider Benjamin C. Singer Sells 8,000 Shares of Stock

Procore Technologies, Inc. (NYSE:PCORGet Free Report) insider Benjamin C. Singer sold 8,000 shares of Procore Technologies stock in a transaction on Friday, February 9th. The shares were sold at an average price of $75.00, for a total transaction of $600,000.00. Following the completion of the sale, the insider now owns 116,318 shares of the company’s stock, valued at approximately $8,723,850. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Procore Technologies Price Performance

PCOR opened at $74.61 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average price is $68.03 and its two-hundred day moving average price is $64.93. Procore Technologies, Inc. has a 1 year low of $48.11 and a 1 year high of $76.86.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Procore Technologies from $85.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. KeyCorp lifted their price objective on shares of Procore Technologies from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group lowered shares of Procore Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $90.00 to $55.00 in a research note on Thursday, November 2nd. Barclays reduced their price target on shares of Procore Technologies from $87.00 to $71.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Finally, JMP Securities lifted their price target on shares of Procore Technologies from $69.00 to $81.00 and gave the company a “market outperform” rating in a research report on Monday, February 5th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.87.

Check Out Our Latest Stock Analysis on Procore Technologies

Hedge Funds Weigh In On Procore Technologies

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Procore Technologies by 55.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,174,940 shares of the company’s stock worth $432,874,000 after buying an additional 3,275,404 shares during the last quarter. Cadian Capital Management LP boosted its holdings in shares of Procore Technologies by 302.5% in the 2nd quarter. Cadian Capital Management LP now owns 2,773,123 shares of the company’s stock worth $180,447,000 after buying an additional 2,084,166 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Procore Technologies by 4,290.2% in the 4th quarter. Cerity Partners LLC now owns 1,334,194 shares of the company’s stock worth $92,353,000 after buying an additional 1,303,804 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Procore Technologies by 20.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,141,607 shares of the company’s stock worth $303,886,000 after buying an additional 1,042,498 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Procore Technologies in the 4th quarter worth about $68,005,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Procore Technologies Company Profile

(Get Free Report)

Procore Technologies, Inc provides a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.

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Insider Buying and Selling by Quarter for Procore Technologies (NYSE:PCOR)

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