Procore Technologies, Inc. (NYSE:PCOR) Director Sells $377,523.36 in Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $73.62, for a total value of $377,523.36. Following the sale, the director now directly owns 1,264,700 shares in the company, valued at approximately $93,107,214. The trade was a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Procore Technologies Trading Up 1.8 %

NYSE:PCOR opened at $78.12 on Friday. The stock has a market cap of $11.61 billion, a PE ratio of -156.25 and a beta of 0.83. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s 50-day moving average is $76.83 and its two-hundred day moving average is $67.07.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The firm had revenue of $295.89 million for the quarter, compared to the consensus estimate of $287.42 million. As a group, equities research analysts forecast that Procore Technologies, Inc. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PCOR has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. The Goldman Sachs Group boosted their price target on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Barclays raised their price objective on shares of Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Robert W. Baird boosted their target price on shares of Procore Technologies from $87.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, TD Cowen lifted their price target on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Institutional Trading of Procore Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in Procore Technologies by 3.5% in the third quarter. CIBC Asset Management Inc now owns 4,204 shares of the company’s stock valued at $259,000 after purchasing an additional 143 shares in the last quarter. Tanager Wealth Management LLP lifted its holdings in shares of Procore Technologies by 1.3% during the 3rd quarter. Tanager Wealth Management LLP now owns 12,747 shares of the company’s stock valued at $787,000 after buying an additional 168 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Procore Technologies by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after buying an additional 175 shares in the last quarter. Versant Capital Management Inc increased its holdings in Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in Procore Technologies by 6.9% during the third quarter. OneDigital Investment Advisors LLC now owns 5,213 shares of the company’s stock valued at $322,000 after acquiring an additional 336 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Procore Technologies Company Profile

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.