Graham Smith Sells 1,787 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCORGet Free Report) Director Graham Smith sold 1,787 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $65.68, for a total value of $117,370.16. Following the completion of the sale, the director now directly owns 46,620 shares of the company’s stock, valued at $3,062,001.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Procore Technologies Stock Up 3.8 %

Shares of NYSE PCOR opened at $67.62 on Thursday. Procore Technologies, Inc. has a 12-month low of $48.11 and a 12-month high of $83.35. The stock’s fifty day simple moving average is $69.93 and its two-hundred day simple moving average is $70.99. The stock has a market capitalization of $9.89 billion, a PE ratio of -70.44 and a beta of 0.76. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 0.04.

Procore Technologies (NYSE:PCORGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.15. The company had revenue of $269.43 million for the quarter, compared to the consensus estimate of $263.13 million. Procore Technologies had a negative return on equity of 8.25% and a negative net margin of 13.64%. As a group, analysts expect that Procore Technologies, Inc. will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PCOR. International Assets Investment Management LLC boosted its stake in Procore Technologies by 6,823.1% in the fourth quarter. International Assets Investment Management LLC now owns 900 shares of the company’s stock valued at $62,000 after acquiring an additional 887 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Procore Technologies during the 4th quarter valued at $62,000. Advisors Asset Management Inc. boosted its position in shares of Procore Technologies by 26.2% in the 1st quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company’s stock worth $103,000 after purchasing an additional 260 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Procore Technologies by 30.7% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,266 shares of the company’s stock worth $104,000 after buying an additional 297 shares during the last quarter. Finally, Covestor Ltd increased its position in Procore Technologies by 29.3% during the 1st quarter. Covestor Ltd now owns 1,324 shares of the company’s stock valued at $109,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PCOR. Stifel Nicolaus lifted their price objective on shares of Procore Technologies from $64.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Barclays dropped their price target on shares of Procore Technologies from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Piper Sandler reduced their price objective on shares of Procore Technologies from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. KeyCorp boosted their target price on Procore Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Finally, Mizuho reiterated a “neutral” rating and issued a $70.00 price target (down from $75.00) on shares of Procore Technologies in a report on Tuesday, June 4th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.94.

Read Our Latest Research Report on Procore Technologies

Procore Technologies Company Profile

(Get Free Report)

Procore Technologies, Inc engages in the provision of 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.

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