Insider Selling: Procore Technologies, Inc. (NYSE:PCOR) Director Sells $377,523.36 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 Monday, January 13th. The shares were sold at an average price of $73.62, for a total transaction of $377,523.36. Following the transaction, the director now owns 1,264,700 shares of the company’s stock, valued at approximately $93,107,214. This represents a 0.40 % 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 Down 1.4 %

Procore Technologies stock opened at $77.03 on Friday. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of -154.06 and a beta of 0.83. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $86.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a 50 day moving average price of $77.10 and a two-hundred day moving average price of $67.22.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. Equities analysts predict that Procore Technologies, Inc. will post -0.22 EPS for the current year.

Institutional Investors Weigh In On Procore Technologies

A number of hedge funds have recently added to or reduced their stakes in PCOR. GAMMA Investing LLC increased its stake in Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Procore Technologies in the 3rd quarter valued at about $26,000. Versant Capital Management Inc raised its stake in Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the period. International Assets Investment Management LLC boosted its holdings 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 acquiring an additional 789 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in Procore Technologies in the fourth quarter valued at approximately $53,000. 81.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PCOR shares. Mizuho lifted their price target on Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Canaccord Genuity Group boosted their target price on Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. KeyCorp raised their price target on shares of Procore Technologies from $68.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Stifel Nicolaus increased their price objective on shares of Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.