Procore Technologies, Inc. (NYSE:PCOR) Director Sells $344,088.80 in Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $67.10, for a total transaction of $344,088.80. Following the transaction, the director now owns 1,226,240 shares of the company’s stock, valued at approximately $82,280,704. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Procore Technologies Stock Performance

Shares of PCOR opened at $68.28 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $10.24 billion, a P/E ratio of -94.83 and a beta of 0.85. The firm’s fifty day simple moving average is $77.06 and its two-hundred day simple moving average is $71.23. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $88.92.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). The firm had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. As a group, analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on PCOR. BMO Capital Markets boosted their price objective on shares of Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group upgraded shares of Procore Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $80.00 to $100.00 in a report on Monday, January 6th. KeyCorp upped their price target on shares of Procore Technologies from $85.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. TD Cowen upped their price target on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Macquarie lowered their price target on shares of Procore Technologies from $93.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday. 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.24.

Institutional Trading of Procore Technologies

A number of institutional investors have recently bought and sold shares of PCOR. Versant Capital Management Inc boosted its position in Procore Technologies by 92.1% during the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Procore Technologies by 61.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after purchasing an additional 147 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Procore Technologies by 37.8% during the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares in the last quarter. Huntington National Bank boosted its position in shares of Procore Technologies by 161.6% during the 4th quarter. Huntington National Bank now owns 654 shares of the company’s stock worth $49,000 after purchasing an additional 404 shares in the last quarter. Finally, Hilltop National Bank bought a new position in shares of Procore Technologies during the 4th quarter worth about $53,000. Institutional investors own 81.10% of the company’s stock.

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.