Insider Selling: Procore Technologies, Inc. (NYSE:PCOR) Director Sells 5,128 Shares of Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $70.47, for a total value of $361,370.16. Following the completion of the transaction, the director now owns 1,335,208 shares of the company’s stock, valued at $94,092,107.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Procore Technologies Stock Performance

Shares of NYSE:PCOR traded up $2.43 during trading on Wednesday, reaching $73.42. The company had a trading volume of 4,195,857 shares, compared to its average volume of 1,570,036. The firm’s fifty day moving average is $61.55 and its 200 day moving average is $63.73. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $83.35. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.

Procore Technologies (NYSE:PCOR) last released its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The business had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. Research analysts forecast that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

PCOR has been the topic of a number of analyst reports. Piper Sandler raised their target price on Procore Technologies from $63.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. TD Cowen raised their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Robert W. Baird initiated coverage on shares of Procore Technologies in a research report on Tuesday, September 24th. They set an “outperform” rating and a $73.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on shares of Procore Technologies from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Scotiabank dropped their target price on shares of Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating for the company in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.94.

Institutional Trading of Procore Technologies

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised 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. V Square Quantitative Management LLC acquired a new stake in shares of Procore Technologies during the 3rd quarter worth about $26,000. Signaturefd LLC increased its position in shares of Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after purchasing an additional 216 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Procore Technologies in the 2nd quarter valued at about $51,000. Finally, International Assets Investment Management LLC increased its position in Procore Technologies by 6,069.2% in the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after acquiring an additional 789 shares in the last quarter. 81.10% of the stock is owned by 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.