Procore Technologies, Inc. (NYSE:PCOR) Director Sells $507,065.00 in Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Kathryn Bueker sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $78.01, for a total value of $507,065.00. Following the sale, the director now owns 23,932 shares in the company, valued at $1,866,935.32. The trade was a 21.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Procore Technologies Price Performance

Shares of PCOR stock traded up $1.17 during mid-day trading on Wednesday, hitting $81.43. 2,170,323 shares of the stock traded hands, compared to its average volume of 1,610,964. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $83.35. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of -162.92 and a beta of 0.71. The company’s 50-day simple moving average is $65.09 and its 200-day simple moving average is $64.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The company had revenue of $295.89 million for the quarter, compared to analysts’ expectations of $287.42 million. As a group, equities research analysts expect that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on PCOR. Jefferies Financial Group upped their price objective on Procore Technologies from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Monday, November 18th. BMO Capital Markets upped their price objective on Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Baird R W raised Procore Technologies to a “strong-buy” rating in a report on Tuesday, September 24th. The Goldman Sachs Group raised their price target on Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Barclays raised their price target on Procore Technologies from $66.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

Hedge Funds Weigh In On Procore Technologies

Hedge funds have recently modified their holdings of the stock. Park Avenue Securities LLC grew its holdings in shares of Procore Technologies by 16.9% in the 2nd quarter. Park Avenue Securities LLC now owns 8,741 shares of the company’s stock worth $580,000 after acquiring an additional 1,266 shares during the last quarter. M&G Plc grew its holdings in shares of Procore Technologies by 12.4% in the 2nd quarter. M&G Plc now owns 120,626 shares of the company’s stock worth $7,961,000 after acquiring an additional 13,334 shares during the last quarter. Burney Co. acquired a new position in shares of Procore Technologies in the 1st quarter worth $1,371,000. SG Americas Securities LLC grew its holdings in shares of Procore Technologies by 118.0% in the 2nd quarter. SG Americas Securities LLC now owns 17,466 shares of the company’s stock worth $1,158,000 after acquiring an additional 9,454 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Procore Technologies by 39.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 966,215 shares of the company’s stock worth $59,635,000 after acquiring an additional 272,030 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

About Procore Technologies

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.