Benjamin C. Singer Sells 1,500 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) insider Benjamin C. Singer sold 1,500 shares of Procore Technologies stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $78.00, for a total transaction of $117,000.00. Following the transaction, the insider now owns 83,039 shares in the company, valued at approximately $6,477,042. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Procore Technologies Trading Down 0.5 %

NYSE PCOR opened at $78.03 on Friday. The company’s 50-day simple moving average is $77.80 and its 200 day simple moving average is $67.58. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $86.67. 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 (NYSE:PCOR) last posted its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $295.89 million for the quarter, compared to analysts’ expectations of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. As a group, analysts predict that Procore Technologies, Inc. will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Procore Technologies

Several large investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC bought a new stake in Procore Technologies during the fourth quarter worth about $15,544,000. Jennison Associates LLC lifted its position in shares of Procore Technologies by 33.2% during the fourth quarter. Jennison Associates LLC now owns 345,881 shares of the company’s stock worth $25,917,000 after purchasing an additional 86,277 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of 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 purchasing an additional 129 shares in the last quarter. Hanson & Doremus Investment Management lifted its position in shares of Procore Technologies by 8.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 28,821 shares of the company’s stock worth $2,160,000 after purchasing an additional 2,192 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Procore Technologies by 55.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 16,731 shares of the company’s stock worth $1,254,000 after purchasing an additional 5,989 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. DA Davidson boosted their target price on shares of Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. TD Cowen boosted 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, November 22nd. 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 report on Friday, November 22nd. Finally, Mizuho boosted their target price on shares of Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

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.