Procore Technologies (NYSE:PCOR) Given New $66.00 Price Target at Barclays

Procore Technologies (NYSE:PCOR) had its price target boosted by Barclays from $64.00 to $66.00 in a research note published on Thursday, Benzinga reports. The firm currently has an equal weight rating on the stock.

PCOR has been the subject of several other reports. Jefferies Financial Group increased their price objective on Procore Technologies from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Piper Sandler raised their price target on shares of Procore Technologies from $63.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday. Macquarie reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Procore Technologies in a research note on Tuesday, July 30th. BMO Capital Markets decreased their target price on shares of Procore Technologies from $85.00 to $71.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Scotiabank dropped their price target on Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating for the company in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.94.

Procore Technologies Stock Up 1.5 %

PCOR stock opened at $66.63 on Thursday. Procore Technologies has a 52 week low of $48.11 and a 52 week high of $83.35. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $60.10 and a 200-day simple moving average of $63.84. The stock has a market capitalization of $9.84 billion, a P/E ratio of -133.26 and a beta of 0.71.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. Procore Technologies had a negative return on equity of 2.55% and a negative net margin of 6.59%. Equities analysts forecast that Procore Technologies will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 2,707 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total value of $160,091.98. Following the transaction, the senior vice president now owns 79,156 shares of the company’s stock, valued at $4,681,285.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, SVP William Fred Fleming, Jr. sold 2,707 shares of Procore Technologies stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total value of $160,091.98. Following the completion of the sale, the senior vice president now owns 79,156 shares in the company, valued at approximately $4,681,285.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joy Driscoll Durling sold 6,076 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $59.14, for a total value of $359,334.64. Following the transaction, the insider now owns 104,381 shares in the company, valued at $6,173,092.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,748 shares of company stock valued at $5,661,056. 29.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Procore Technologies

Several institutional investors have recently bought and sold shares of PCOR. Atria Investments Inc lifted its position in shares of Procore Technologies by 11.9% during the third quarter. Atria Investments Inc now owns 4,950 shares of the company’s stock worth $306,000 after purchasing an additional 527 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in Procore Technologies by 24.9% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 175,800 shares of the company’s stock worth $10,850,000 after buying an additional 35,000 shares in the last quarter. Olympiad Research LP boosted its position in Procore Technologies by 42.4% in the 3rd quarter. Olympiad Research LP now owns 9,899 shares of the company’s stock valued at $611,000 after buying an additional 2,947 shares during the period. WoodTrust Financial Corp acquired a new position in shares of Procore Technologies in the third quarter worth $201,000. Finally, Malaga Cove Capital LLC purchased a new stake in shares of Procore Technologies during the third quarter worth $277,000. 81.10% of the stock is owned by institutional investors and hedge funds.

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.