Procore Technologies, Inc. (NYSE:PCOR – Get Free Report) CFO Howard Fu sold 1,447 shares of Procore Technologies stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $68.79, for a total transaction of $99,539.13. Following the transaction, the chief financial officer now directly owns 144,713 shares of the company’s stock, valued at $9,954,807.27. This represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Howard Fu also recently made the following trade(s):
- On Friday, March 14th, Howard Fu sold 1,190 shares of Procore Technologies stock. The shares were sold at an average price of $67.00, for a total transaction of $79,730.00.
- On Monday, March 3rd, Howard Fu sold 2,642 shares of Procore Technologies stock. The shares were sold at an average price of $77.05, for a total value of $203,566.10.
- On Wednesday, February 19th, Howard Fu sold 8,000 shares of Procore Technologies stock. The stock was sold at an average price of $87.00, for a total value of $696,000.00.
Procore Technologies Trading Up 1.3 %
Shares of NYSE PCOR traded up $0.90 during midday trading on Friday, reaching $70.37. 1,122,248 shares of the stock were exchanged, compared to its average volume of 1,673,645. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $88.92. The business has a 50-day simple moving average of $76.38 and a two-hundred day simple moving average of $71.43. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of -97.73 and a beta of 0.85.
Analyst Ratings Changes
A number of research analysts recently issued reports on PCOR shares. Barclays lifted their price target on Procore Technologies from $84.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. DA Davidson increased their price objective on Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Canaccord Genuity Group boosted their target price on Procore Technologies from $83.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Robert W. Baird raised their price target on Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Macquarie lowered their price objective on Procore Technologies from $93.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Procore Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.24.
Check Out Our Latest Research Report on PCOR
Institutional Trading of Procore Technologies
A number of large investors have recently bought and sold shares of the business. Atria Investments Inc lifted its stake in Procore Technologies by 11.9% in the third quarter. Atria Investments Inc now owns 4,950 shares of the company’s stock valued at $306,000 after buying an additional 527 shares in the last quarter. Victory Capital Management Inc. lifted its position in Procore Technologies by 4.0% in the 3rd quarter. Victory Capital Management Inc. now owns 62,897 shares of the company’s stock valued at $3,882,000 after acquiring an additional 2,432 shares in the last quarter. KBC Group NV increased its holdings in Procore Technologies by 19.0% during the 3rd quarter. KBC Group NV now owns 2,722 shares of the company’s stock worth $168,000 after purchasing an additional 435 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Procore Technologies by 6.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,213 shares of the company’s stock valued at $322,000 after purchasing an additional 336 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of 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. 81.10% of the stock is owned by institutional investors.
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.
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