Procore Technologies, Inc. (NYSE:PCOR) CFO Sells $107,625.00 in Stock

Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $71.75, for a total value of $107,625.00. Following the transaction, the chief financial officer now directly owns 171,997 shares of the company’s stock, valued at $12,340,784.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Howard Fu also recently made the following trade(s):

• On Thursday, August 22nd, Howard Fu sold 7,922 shares of Procore Technologies stock. The stock was sold at an average price of $59.14, for a total value of $468,507.08.

Procore Technologies Stock Down 1.0 %

PCOR traded down $0.70 during trading on Friday, reaching $70.46. The stock had a trading volume of 1,343,828 shares, compared to its average volume of 1,561,519. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $83.35. The stock has a 50 day moving average of $60.81 and a two-hundred day moving average of $63.83. 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 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 return on equity of 2.51% and a negative net margin of 6.59%. The company had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Equities analysts predict that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Procore Technologies

A number of institutional investors and hedge funds have recently modified their holdings of PCOR. GAMMA Investing LLC lifted its position in shares of Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after acquiring an additional 175 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Procore Technologies during the 3rd quarter valued at $26,000. Signaturefd LLC lifted 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 valued at $42,000 after acquiring an additional 216 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Procore Technologies by 6,069.2% during 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 during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Procore Technologies during the 2nd quarter valued at $51,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

PCOR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on Procore Technologies from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. DA Davidson reissued a “neutral” rating and issued a $60.00 price objective on shares of Procore Technologies in a report on Wednesday, October 2nd. KeyCorp decreased their price objective on Procore Technologies from $79.00 to $68.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Barclays increased their price objective on Procore Technologies from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus decreased their price objective on Procore Technologies from $85.00 to $63.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.94.

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.