Connor Kevin J. O Sells 6,410 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 6,410 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $76.77, for a total value of $492,095.70. Following the completion of the sale, the director now directly owns 1,231,368 shares of the company’s stock, valued at approximately $94,532,121.36. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Procore Technologies Stock Performance

Shares of NYSE PCOR traded down $0.83 during trading hours on Friday, hitting $75.42. 1,030,726 shares of the stock were exchanged, compared to its average volume of 1,064,777. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $86.67. The company’s 50 day moving average is $78.32 and its 200 day moving average is $68.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $11.21 billion, a P/E ratio of -150.84 and a beta of 0.84.

Institutional Investors Weigh In On Procore Technologies

A number of hedge funds have recently bought and sold shares of PCOR. Chicago Partners Investment Group LLC increased its position in Procore Technologies by 0.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company’s stock worth $1,199,000 after acquiring an additional 129 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Procore Technologies by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 4,204 shares of the company’s stock worth $259,000 after purchasing an additional 143 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Procore Technologies by 61.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock valued at $29,000 after buying an additional 147 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the period. Finally, Tanager Wealth Management LLP grew its position in Procore Technologies by 1.3% during the third quarter. Tanager Wealth Management LLP now owns 12,747 shares of the company’s stock worth $787,000 after buying an additional 168 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PCOR shares. The Goldman Sachs Group upped their target price on Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Canaccord Genuity Group increased their target price on shares of Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Barclays boosted their price target on shares of Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. JMP Securities reiterated a “market outperform” rating and set a $90.00 price objective on shares of Procore Technologies in a report on Friday. Finally, UBS Group assumed coverage on Procore Technologies in a research note on Monday, December 2nd. They issued a “buy” rating and a $105.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Procore Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

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.