Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu Sells 7,809 Shares of Stock

Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu sold 7,809 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $71.36, for a total value of $557,250.24. Following the completion of the sale, the chief financial officer now owns 164,188 shares of the company’s stock, valued at approximately $11,716,455.68. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, November 7th, Howard Fu sold 1,500 shares of Procore Technologies stock. The shares were sold at an average price of $71.75, for a total value of $107,625.00.

Procore Technologies Stock Up 1.9 %

Shares of NYSE:PCOR opened at $76.67 on Friday. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $83.35. The firm has a fifty day moving average of $64.19 and a 200 day moving average of $63.98. 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 announced its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting 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 company had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. Sell-side analysts forecast that Procore Technologies, Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on PCOR. Robert W. Baird began coverage on shares of Procore Technologies in a research report on Tuesday, September 24th. They set an “outperform” rating and a $73.00 target price on the stock. The Goldman Sachs Group lifted their target price on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday. Macquarie reissued a “neutral” rating and set a $70.00 target price on shares of Procore Technologies in a research report on Tuesday, July 30th. TD Cowen lifted their target price on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays lifted their target price on shares of Procore Technologies from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday. Five investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Procore Technologies by 76.4% in 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 last quarter. V Square Quantitative Management LLC bought a new stake in Procore Technologies in the third quarter worth $26,000. Signaturefd LLC lifted its stake in Procore Technologies by 52.0% in 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 last quarter. Rothschild Investment LLC bought a new stake in Procore Technologies in the second quarter worth $51,000. Finally, International Assets Investment Management LLC lifted its stake in Procore Technologies by 6,069.2% in the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after purchasing an additional 789 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other 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.