Procore Technologies, Inc. (NYSE:PCOR) SVP William Fred Fleming, Jr. Sells 2,668 Shares of Stock

Procore Technologies, Inc. (NYSE:PCOR) SVP William Fred Fleming, Jr. sold 2,668 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $190,388.48. Following the sale, the senior vice president now owns 72,605 shares in the company, valued at approximately $5,181,092.80. This represents a 3.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Procore Technologies Price Performance

NYSE:PCOR opened at $76.67 on Friday. The company’s 50-day moving average price is $64.19 and its 200-day moving average price is $63.98. 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 twelve month low of $49.46 and a twelve month high of $83.35.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting 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 company had revenue of $295.89 million for the quarter, compared to the consensus estimate of $287.42 million. On average, research analysts expect that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen raised their price target on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group raised their price target on shares of Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus raised their price target on shares of Procore Technologies from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Friday. Baird R W upgraded shares of Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, JMP Securities dropped their target price on shares of Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Procore Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

Hedge Funds Weigh In On Procore Technologies

A number of institutional investors have recently bought and sold shares of PCOR. GAMMA Investing LLC raised its stake in Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after purchasing an additional 175 shares during the period. V Square Quantitative Management LLC purchased a new position in Procore Technologies during the third quarter worth about $26,000. Signaturefd LLC raised its stake in Procore Technologies by 52.0% during the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after purchasing an additional 216 shares during the period. International Assets Investment Management LLC raised its stake in shares of 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 during the period. Finally, Rothschild Investment LLC purchased a new stake in shares of Procore Technologies in the 2nd quarter valued at approximately $51,000. 81.10% of the stock is owned by hedge funds and other 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.