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 the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $76.18, for a total value of $114,270.00. Following the sale, the insider now directly owns 84,539 shares in the company, valued at approximately $6,440,181.02. The trade was a 1.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Procore Technologies Price Performance

NYSE:PCOR traded up $0.11 during trading hours on Thursday, hitting $77.90. 923,251 shares of the company’s stock traded hands, compared to its average volume of 1,661,149. The business’s fifty day simple moving average is $73.33 and its two-hundred day simple moving average is $65.88. The firm has a market cap of $11.58 billion, a P/E ratio of -155.80 and a beta of 0.82. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $86.67.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $295.89 million during the quarter, compared to analysts’ expectations of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. On average, research analysts anticipate that Procore Technologies, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Procore Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of PCOR. Westfield Capital Management Co. LP lifted its stake in shares of Procore Technologies by 39.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 966,215 shares of the company’s stock worth $59,635,000 after purchasing an additional 272,030 shares during the period. Advantage Alpha Capital Partners LP lifted its stake in Procore Technologies by 30.2% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 126,783 shares of the company’s stock worth $7,825,000 after purchasing an additional 29,431 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Procore Technologies by 804.3% during the third quarter. Pathstone Holdings LLC now owns 145,802 shares of the company’s stock valued at $8,999,000 after buying an additional 129,679 shares during the last quarter. Barclays PLC grew its holdings in shares of Procore Technologies by 49.1% in the third quarter. Barclays PLC now owns 69,012 shares of the company’s stock valued at $4,259,000 after purchasing an additional 22,734 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Procore Technologies by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,716,432 shares of the company’s stock worth $105,967,000 after buying an additional 168,769 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PCOR. UBS Group initiated coverage on Procore Technologies in a research report on Monday, December 2nd. They set a “buy” rating and a $105.00 price objective for the company. Robert W. Baird boosted their target price on Procore Technologies from $87.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. KeyCorp raised their price target on Procore Technologies from $68.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. BMO Capital Markets boosted their target price on shares of Procore Technologies from $71.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Piper Sandler lifted their price target on shares of Procore Technologies from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.24.

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.